New Organizational Structure Builds on Co-Founder's Success and Positions Company for Next Phase of Growth Cycle

REDMOND, OR / ACCESSWIRE / December 28, 2023 / Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, today announced that its Chief Business Development Officer, Co-Founder, and former Chief Executive Officer, John Yozamp, will retire from his current role and transition to a new role as an independent sales representative for the Company on January 1, 2024, following a series of internal changes to management and the Board of Directors implemented this year.

In January 2023, Brian Schaffner was appointed Chief Executive Officer, succeeding company Co-Founder John Yozamp who assumed the new position of Chief Business Development Officer. Company Co-Founder, Director and Chief Operating Officer, Paul Shoun, was appointed to the positions of President and Chairman of the Board.

John Yozamp commented, "Over the last year, Brian and Paul have led the Company to a new level of performance and innovation with new partnerships, OEM strategic supply agreements and expanded sales and distribution partnerships that have further broadened our market opportunities in new and existing verticals. As I now continue in my transition to my new role as an independent sales representative, and as the Company's largest shareholder, I remain confident that the management team in place are the best executives to guide Expion360 into the future. I look forward to continuing to build customer and partner relationships in my new role, while allowing more time to focus on my health and family."

Brian Schaffner, Chief Executive Officer of Expion360, added, "We thank John for his tenure and achievements as Co-Founder, Chief Executive Officer, and most recently, as Chief Business Development Officer. He has been instrumental in positioning Expion360 as an industry leader with national distribution and penetration of our innovative premium lithium iron phosphate (LiFePO4) products that have led to record growth. We look forward to his contributions as an independent sales representative, where he will continue to play an important role in shaping the future of Expion360 by identifying new growth opportunities and fostering strategic partnerships. His expertise and relationships will continue to expand our reach for products, including our new all-in-one and scalable lithium-ion battery solutions for the home energy storage market."