Nikola Appoints Carla Tully to its Board

Nikola (NASDAQ:NKLA) Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of energy and infrastructure expert Carla Tully, to its Board of Directors. Over more than two decades, Tully has built a successful track record leading and scaling energy organizations across Fortune 150, private equity, startup, and government entities. Tully serves as the Vice Chair of Earthrise Energy's Board of Directors, a Board Director for Citizens for Responsible Energy Solutions Forum and as an Advisor to several energy transition startups."As Nikola scales its energy infrastructure business, especially in the hydrogen ecosystem, the addition of Carla to Nikola's Board of Directors will greatly benefit our company, employees and shareholders," said Steve Shindler, Chairman of Nikola's Board of Directors. "Carla's diverse business expertise, spanning from launching startups to overseeing sizeable organizations, navigating a spectrum of energy industry challenges to mastering capital structure and M&A, and excelling in business development, CSR and sustainability, uniquely positions her to support the Board as the company grows in 2024."

"I am a firm believer that now is the time to focus our creativity and capital on decarbonizing hard-to-abate sectors," said Tully. "Nikola is a mission-oriented company that is at the forefront of zero-emission transportation. I've dedicated my career to similar missions, and I am delighted to join Nikola's Board of Directors and support Nikola in 2024 and beyond."

As Co-Founder and CEO at Earthrise Energy, PBC, Tully achieved remarkable growth leading the energy transition company from concept to a 1.7 GW operating business with a 2.0 GW renewable energy development pipeline. She raised venture capital, private equity, and debt, fueling strategic acquisitions, and built an organization designed to execute Earthrise's unique business model.

Before founding Earthrise, Tully served as Executive Vice President and Managing Director of Renewable Energy at MAP Energy, a $2.4B energy investment firm, where she scaled MAP's renewable energy development business and raised its first all-renewable energy fund. At The AES Corporation, a global power leader, Tully held key leadership roles, including President of AES UK and Ireland, Vice President of Corporate Strategy & Investment, and Chief of Staff for Global Utilities, where she shaped and executed growth strategies for AES's 40 GW businesses worldwide.

Tully received the 2022 Silver Stevie Award for Best Female Entrepreneur and the 2016 UK Institute of Directors' Award - Director of the Year for Corporate Responsibility. She holds an MBA from Columbia Business School, a Master of Arts in Law and Diplomacy from the Fletcher School at Tufts University, and a Bachelor's degree in international relations and economics from the University of Southern California.