Evolv Technologies Appoints Richard Shapiro as Independent Director

By Bobby Samwell • Tuesday, February 04 15:25 • Permanent Link

Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) has announced the appointment of Richard Shapiro as a new independent director, effective February 3, 2025. Shapiro, who will also serve on the board’s audit committee, brings nearly three decades of investment management experience to the role, having most recently served as the founder and chief investment officer of Ridge Run Partners, LLC. He holds an MBA from Georgetown University and a BS in business administration from the University of Southern California and serves on the board of directors of public companies Altus Power (NYSE: AMPS), Orion Energy Systems, Inc. (NASDAQ: OESX), and Elah Holdings (OTC: ELLH).

Neil Glat, Chairman of the Evolv board, expressed the company's excitement in welcoming Shapiro, citing his expertise in strategic finance, capital allocation, and M&A as valuable complements to the skills of the CEO and current directors. Shapiro's appointment was recommended by one of the company’s shareholders during a recent shareholder engagement campaign, demonstrating the value Evolv places on shareholder perspectives and input for improving governance and performance.

About Evolv Technologies Holdings, Inc. (NASDAQ: EVLV): Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) is a leading security technology company that aims to create safer experiences through AI-based solutions. The company's mission is to transform security to make the world a safer place to live, work, learn, and play. Evolv has received recognition for its advanced systems, including the U.S. Department of Homeland Security (DHS) Safety Act designation as a qualified anti-terrorism technology (QATT) and the Security Industry Association (SIA) New Products and Solutions (NPS) award, among others. Evolv® and its related trademarks are registered trademarks or trademarks of Evolv Technologies Holdings, Inc. in the United States and other jurisdictions. The market has reacted to these announcements by moving the company's shares 7.7% to a price of $4.28. Check out the company's full 8-K submission here.

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