Charge Enterprises Appoints Matthew Chee as Senior Vice President of Growth

NEW YORK--(BUSINESS WIRE)--Charge Enterprises, Inc. (Nasdaq: CRGE) ("Charge" or the "Company”), a leading electrical, broadband and EV charging infrastructure company, has announced the expansion of its executive team with the appointment of Matthew Chee as Senior Vice President, Growth.

In his expanded role, Chee, who has served as Charge’s Vice President of Mergers and Acquisitions (“M&A”) since joining the Company in 2020, will continue to leverage his 20 years of industry experience to drive growth for Charge. He will oversee all marketing and sales strategies, new business development, relationship and people management, internal sales, budget, and marketing reporting systems, along with his current M&A responsibilities. Chee will report to Charge’s Interim Chief Executive Officer and Chief Operating Officer, Craig Denson.

“Matt is a respected leader with a proven track record of success at Charge and throughout his career,” said Denson. “We look forward to benefiting from Matt’s skillset in his new role as SVP of Growth, where he will be focused on elevating our sales and marketing strategies, thereby advancing our mission to bring innovative connectivity infrastructure to new markets.”

“Since joining Charge in 2020, I’ve seen the Company deliver best-in-class service offerings and infrastructure solutions across its portfolio of brands,” said Chee. “In my new role, I look forward to increasing value across Charge’s enterprise product portfolio, advertising assets, social media platforms, and partnerships to fortify our operations and strengthen our footprint heading into 2024.”

Prior to joining Charge, Chee served as SVP of Global Sales and Corporate development for PTGi International Carrier Services, Inc. He was a founding partner at Excel Telecommunications and a Co-Founder of Mercantel Communications. Chee holds a BBA from the McCombs School of Business at the University of Texas at Austin.

About Charge Enterprises, Inc.

Charge Enterprises, Inc. is an electrical, broadband and EV charging infrastructure company that provides clients with end-to-end project management services. We operate in two segments: Infrastructure, which has a primary focus on EV charging, broadband and wireless, and electrical contracting services; and Telecommunications, which provides connection of voice calls, Short Message Services (SMS) and data to global carriers. Our vision is to be a leader in enabling the next wave of transportation and connectivity. By building, designing, and operating seamless infrastructure for electric vehicles, we aim to create a future where transportation is clean, efficient, and connected and to empower individuals, communities, and businesses to thrive in a more sustainable world. Our plan is to cultivate repeat customers and recurring revenues by deploying a multi-phased strategy, initially where investment in the EV charging revolution is taking place, the nation’s approximately 18,000 franchised auto dealers.

To learn more about Charge, visit Charge Enterprises, Inc.

Notice Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or Charge's future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", “potential”, "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement. Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the ability to achieve the expected benefits of the Greenspeed acquisition, including the risks that the Company’s synergy estimates are inaccurate or that the Company faces higher than anticipated integration or other costs in connection with the acquisition, the business plans and strategies of Charge, Charge’s ability to satisfy its debt payment obligations or extend the maturity or refinance outstanding debt at or prior to maturity, Charge's future business development, market acceptance of electric vehicles, and continued auto maker investment in electric vehicles, the success of Charge’s retail dealership initiative and the size, scope and success of the related initial installation projects, Charge's ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies, or other favorable government policies, rising interest rates, macroeconomic and geopolitical conditions, and the ongoing automotive industry labor dispute and the impact on investments by our customers, and other risks discussed in Charge's filings with the U.S. Securities and Exchange Commission ("SEC"). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release or as of the date or dates specified in such statements. For more information on us, investors are encouraged to review our public filings with the SEC, including the factors described in the section captioned “Risk Factors” of Charge’s Annual Report on Form 10-K filed with the SEC on March 15, 2023, and subsequent reports we file from time to time with the SEC, which are available on the SEC's website at www.sec.gov. Charge disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.