#Irvine #Karma Automotive #Scott Durbin #Hybrid EREV

Karma Automotive Welcomes Scott Durbin

Karma Automotive, renowned as America's exclusive full-line ultra-luxury vehicle manufacturer, has announced the appointment of Scott Durbin as its new Executive Vice President and Chief Financial Officer (CFO). This move comes at a crucial period for the company, aiming to leverage Durbin's extensive financial expertise to foster growth and innovation.

Scott Durbin brings over 25 years of experience in finance, significantly influencing both private and public sectors. He is a seasoned professional who has made notable contributions to investment banking on Wall Street, held CFO positions in various companies, and served as a CEO in the medical device and life sciences sectors. His appointment is anticipated to enhance Karma's strategic positioning and financial efficiency in a competitive automotive market.

“This is an exciting time for Karma Automotive, and Scott's breadth of experience fits perfectly with our needs for the next phase of our growth,” remarked Marques McCammon, Karma Automotive's President and CEO. Durbin's past experience includes a successful tenure at Lehman Brothers, where he was instrumental in executing nearly $4 billion in financings and strategic transactions, particularly within the healthcare domain.

His most recent position was with Viveve, where he served as CFO and later as CEO for over a decade. During that time, he raised more than $250 million in both public and private equity, amplifying the company’s visibility and guiding it through several critical stages. These credentials affirm Durbin's qualifications, making him an asset to Karma during this transformative phase.

Karma Automotive's vision encapsulates an innovative approach to luxury vehicles, with a commitment to eco-friendly technologies. The company is renowned for pioneering the Hybrid Extended Range Electric Vehicle (EREV), produced at its Karma Innovation and Customization Center located in Moreno Valley, California. The headquarters for executive management, product development, and design are situated in Irvine, California. This operational structure underlines Karma's dedication to blending luxury with sustainability.

In the words of Durbin,