Motorsport News

Volcon Hires Veteran Entrepreneur to Restructure the Organization in Advance of the Stag Launch

Volcon Implements Comprehensive Program To Improve Profitability/Cash Flow

AUSTIN, TX – February 5, 2024 – (Motor Sports NewsWire) –  Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company announces that John Kim has been appointed Chief Executive Officer. Kim has served on Volcon’s Board of Directors as an independent director since July 2021.

Mr. Kim has come out of retirement to lead Volcon’s successful market launch of the Stag. Prior to joining Volcon’s Board of Directors Mr. Kim was an accomplished serial entrepreneur, product designer and is currently a private investor. Mr. Kim was the Chief Executive Officer and founder of Super73 Inc, one of the world’s leading electric bicycle companies from 2012 until 2019. In 2003, Mr. Kim founded U-Life, an internet enabled home appliance company in South Korea, which was acquired by LG in 2006. Before his career as an entrepreneur, Mr. Kim was the principal designer for Yahoo Search, a car designer at Honda, and a former U.S. Army paratrooper. Mr. Kim received a Master’s Degree in Design from Stanford University in 2001. Empery, the Company’s majority lender commented, “Mr. Kim is an intensely driven, detail oriented no nonsense executive who will significantly enhance the standards and discipline of the Volcon organization.”

“I’m very excited to have John on the team. His skillset and background in building companies, designing products for manufacturing, and successfully launching them on the market is what Volcon needs at this stage in our Company’s life,” said Christian Okonsky, Chairman of the Board of Volcon. “John has a passion for building companies and products that appeal to consumers. With the imminent launch of the Stag, we have found the right leader to take this product to market and showcase its capabilities.”

“I’m extremely excited to be joining the passionate team here at Volcon,” said Kim. “Volcon is poised to become one of the most recognized brands in the off-road powersports industry with the launch of the Stag. As a board member, I could see the potential and having spent time meeting with the manufacturer, part suppliers and Volcon employees, I can see that the Stag will be a very special and market defining product. There isn’t anything out there in the off-road EV space that has the performance of the Stag. The suppliers of the key components are industry leaders. The assembly facility in Mexico is up and running and ready for production. My…

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