Ed Olkkola, Hyliion’s Chairman of the Board and founding investor passed away on December 15, 2022. Let’s see more details about Ed Olkkola and his cause of death.
Who was Ed Olkkola?
Ed Olkkola was Born on December 13, 1959, in Georgetown, Texas.
Mr. Olkkola was Hyliion’s first board member, serving on the board since 2016, and was Chief Operating Officer from January 2018 to October 2018. Mr. Olkkola passed away after a valiant battle with Acute Myeloid Leukemia (AML).
“Ed gave the Board and Hyliion his all with great dedication and passion. He left a leadership legacy and embraced the key principles of honesty and making a difference in the world that define Hyliion.
He was a key early investor in Hyliion and played a crucial role in its development. Thomas Healy, the company’s founder, and CEO remarked, “We are all thankful to have benefited from his knowledge and wisdom.
Ed’s Career Journey
Mr. Olkkola has served on more than sixty boards throughout his career. He launched more than a dozen new products. He had patents in key areas of networking and communications, such as speech recognition, real-time signal processing for home networking, and high-speed digital network switching.
Mr. Olkkola, who has had a distinguished career in investments and technology, most recently held the position of Managing Director at Teakwood Capital, where he oversaw private equity investment funds with a concentration on micro-cap portfolio businesses.
Before this, Mr. Olkkola served as a General Partner at Austin Ventures and held executive positions at Motorola and Compaq. He co-founded the venture fund at Compaq and helped raise more than $2 billion in venture and private equity funds with partners from Teakwood Capital and Austin Ventures.
BOARD OF DIRECTORS
Olkkola and Knight were appointed to serve as Class III directors.
The Board of Directors shall be divided into three classes, as nearly equal in number as feasible, and named Class I, Class II, and Class III, subject to the rights of holders of any series of Preferred Stock to elect additional directors under certain conditions. Members of the Board of Directors who are currently in office may be assigned to Class I, Class II, or Class III by the Board of Directors.
The initial Class I Directors’ term will end at the first annual meeting of the Company’s stockholders following the effectiveness of this Amended and Restated Certificate; the initial Class II Directors’ term will end at the second annual meeting of the Company following the effectiveness of this Second Amended and Restated Certificate, and the initial Class III Directors’ term will end at the third annual meeting of the Company’s stockholders following the effectiveness of this Third Amended and Restated Certificate. at each subsequent annual meeting of the Company’s investors.
Colleagues in Memory of Ed
Beyond his accomplishments for the company, he was a friend and mentor to me. I’m sure I’m not the only one who will miss him. The Hyliion crew and community will miss him dearly. We will continue with our aim to transform the transportation sector, in which Ed had such a deep belief.
Ed’s Cause of death
Ed Passed away on December 15, 2022, in Georgetown, Texas. Edward E. Olkkola, 63, of Georgetown, TX passed away surrounded by his loved ones on Thursday, December 15, 2022, at his home in Georgetown, TX after a valiant battle with Acute Myeloid Leukemia (AML).
Let the memory of Ed Olkkola be with us forever. Arrangements and services will be announced with a complete obituary soon.
I'm sorry to hear about the loss of Ed Olkkola. @realThomasHealy Please extend my condolences to the Hyliion team. Ed's contributions to the company will not be forgotten, and he will be missed…😔
— David Refaeli (@RefaeliDavid) December 16, 2022
Condolences on Social Media
HYLIION Posted
We are saddened to share that Ed Olkkola, Hyliion’s Chairman of the Board and founding investor has passed away from a battle with leukemia. He will be missed by our team, and we offer his family and friends our deepest condolences.
Thomas Healy Posted
It’s with deep sadness that I share that Hyliion’s Chairman of the Board and founding investor Ed Olkkola has passed away from leukemia. In addition to his many contributions to the success of @hyliion, he was a friend and a mentor to me. He will be greatly missed by many.
It’s with deep sadness that I share that Hyliion’s Chairman of Board and founding investor Ed Olkkola has passed away from leukemia. In addition to his many contributions to the success of @hyliion , he was a friend and a mentor to me. He will be greatly missed by many. pic.twitter.com/bafU9AUpfB
— Thomas Healy (@realThomasHealy) December 16, 2022
My condolences Thomas and to the Hyliion team.. make him proud and let him live through everyone's dedication to Hyllions goals.
— Kriston Duncan (@KKDuncans) December 16, 2022
Davis Rafaeli Posted
I’m sorry to hear about the loss of Ed Olkkola. @realThomasHealy . Please extend my condolences to the Hyliion team. Ed’s contributions to the company will not be forgotten, and he will be missed.
I'm so sorry to hear about Ed's passing. He sounds like he was a wonderful person and made many significant contributions to Hyliion and to those around him.
— Meekdogg 🌎 (@Meekdogg) December 16, 2022
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