Mr Kroll brings more than 20 years of corporate finance experience to Hyzon. Most recently, he served as interim CFO for UPG Enterprises, a hyper-growth family office founded in 2014 to acquire steel services businesses.

Before this, he spent five years at PSAV, a $A4.5 billion Blackstone-backed global event technology services provider, where he served in roles of increasing responsibility, including treasurer, head of corporate development and senior vice-president of finance.

Mr Kroll was also an investment banker, mainly at JP Morgan, and covered the automotive sector as an advisor.

He has an MBA with honours from the University of Chicago Graduate School of Business, and his bachelor’s degree in accounting from the University of Wisconsin.

Hyzon is developing vehicles for global markets, including long-distance heavy-haulage trucks for Australia.

Hyzon Motors CEO and co-founder Craig Knight said: “We are thrilled to add someone of Adam’s caliber to our leadership team.

“Adam’s corporate finance and capital markets experience will be an asset to Hyzon Motors, and we look forward to leveraging his talents and skillsets as we continue to accelerate the energy transition and help our customers make the switch to hydrogen.”

Mr Kroll said: “I am incredibly excited to be joining Hyzon’s leadership team at such a unique time in the company’s journey.

“Hyzon has an unmatched combination of advanced technology, talented executives and smart, committed employees.

“I look forward to working with everyone at Hyzon to deliver on our mission of decarbonising the commercial vehicle sector in pursuit of zero emissions with zero compromises.”

By Neil Dowling