March 4, 2024
Louise-Brett-Terrapay-independent-Director

Knightscope Inc. Announces CFO Transition

Knightscope-Announces-CFO-Transition-Focuses-on-Profitable-Growth-Graphic-Business-Wire
Knightscope-Announces-CFO-Transition-Focuses-on-Profitable-Growth-Graphic-Business-Wire

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, recently announced that Apoorv S Dwivedi, a seasoned finance executive, has accepted the position of Executive Vice President and Chief Financial Officer of Knightscope, effective January 2024.

Mallorie Burak, President and CFO, will be stepping down in early January 2024 to pursue other opportunities. William Santana Li, Chairman and CEO, will be re-assuming the operational responsibilities of the President. This is one of several strategic moves on Knightscope’s path to profitability as the Company seeks to focus on profitable growth, margin enhancements, operational efficiencies, and streamlined decision-making.

“We wish to thank Mallorie for her service and we are extremely excited to welcome Apoorv to the Knightscope team,” said William Santana Li, Chairman and CEO, of Knightscope, Inc. “We would be hard-pressed to find an executive that is this highly experienced and energetic, and who has worked across several major corporations, been through the grueling challenges of a highly complex startup, taken a company public, and happens to be fluent in Reg A+ regulatory frameworks with an Ivy League education,” continued Li.

With extensive finance and corporate strategy experience, Dwivedi most recently served as the Chief Financial Officer of Nxu, Inc. (NXU). He joined the company in 2022 and helped to take it public on Nasdaq in the same year. He then led the company’s strategy around capital markets, investor relations, finance operations, and corporate growth. Before his CFO role at Nxu, Dwivedi served as Director of Finance for Cox Automotive from 2019 to 2022 where he successfully ran the Manheim Logistics business. From 2018 to 2019, he was the Director of Presales at the SaaS company Workiva, and from 2010 to 2017 Dwivedi served in several corporate finance roles of increasing responsibility at the General Electric Company across both the GE Capital and GE Industrial businesses. Dwivedi began his career at ABN-AMRO, N.A., and was instrumental in building one of the first data analytics teams at Sears Holdings Company. Dwivedi earned his Bachelors in Finance from Loyola University – Chicago and his MBA from Yale School of Management.

“This is an incredible time to be joining Knightscope. The company is at the intersection of several key technologies including autonomy, robotics, and artificial intelligence, and is successfully leading the adoption of Autonomous Security Robots (ASR) to drive the future of public safety,” said Dwivedi. “I look forward to rolling up my sleeves at this pivotal time in the Company’s journey to lead financial and business strategy. Working hand-in-hand with Knightscope’s leadership team, I am confident in our ability to execute on near-term goals and to create shareholder value in the long run.”

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