Group14 Technologies Welcomes Former Stellantis CFO Richard K. Palmer to Board

Group14 Technologies Welcomes Richard K. Palmer to its Board of Directors

Woodinville, Washington, March 12, 2025 - In a strategic move aimed at reinforcing its position as the leading global manufacturer of advanced silicon battery materials, Group14 Technologies has officially appointed Richard K. Palmer to its Board of Directors. Palmer, who previously served as the Chief Financial Officer (CFO) of Stellantis, brings invaluable expertise that is expected to propel the company’s growth trajectory in the burgeoning electric vehicle market.

Palmer's credentials extend beyond mere financial acumen, having played a pivotal role in the landmark merger between Fiat Chrysler Automobiles (FCA) and PSA Group in 2021. This experience uniquely positions him to contribute to Group14’s mission of scaling its global silicon battery material manufacturing capabilities to meet the surging demand for electric vehicles (EVs). As the newly appointed chair of the audit committee, he will oversee the financial integrity of the company as it navigates this transformational phase.

"Richard’s understanding of both the automotive sector and finance is critical as we strive to scale our production in response to increasing customer demands for innovative battery solutions," stated Rick Luebbe, Group14’s CEO and Co-Founder.

Palmer’s appointment reflects Group14’s commitment to attracting top-tier talent to its leadership. He joins a board that includes notable figures such as Dr. Kim Ann Mink, former Chairman and CEO of Innophos Holdings, and Bob Lutz, a senior executive and board member previously associated with General Motors and Ford.

Before his tenure at Stellantis, Palmer held key financial roles at FCA, where he was instrumental in steering the company through significant strategic changes and operational challenges. His experience will be indispensable as Group14 continues its ambitious plans to enhance its manufacturing prowess and product offerings in silicon battery technology.

Group14 Technologies has positioned itself at the forefront of battery innovation, with its flagship product, SCC55®, setting new benchmarks in performance. Currently powering millions of devices globally, the SCC55® material is set to support the next generation of electric mobility and AI-driven technologies. The company collaborates with major industry players, including Porsche AG and BASF, and holds a substantial market share in the worldwide lithium-ion battery production.

"The combination of Richard's vast background in automotive finance and our innovative spirit creates a perfect synergy at this crucial juncture," added Luebbe.

With Palmer’s addition, Group14 looks forward to not only meeting but exceeding the expectations of clients who represent a staggering 95% of the global lithium-ion battery production. The company's advancements could potentially revolutionize battery performance, further accelerating the ongoing electrification of various sectors. As it stands, Group14 Technologies is set to make a significant impact, further validated by its array of prestigious investors and beneficiaries of its cutting-edge battery materials.

In summary, the strategic appointment of Richard K. Palmer signals Group14’s commitment to growth, innovation, and excellence. As the company looks to the future, Palmer’s leadership is likely to play a pivotal role in its journey toward redefining the standards of international battery production.

For more information, visit www.group14.technology.