Core Insights - Blink Charging Co. has appointed Michael Bercovich as the new Chief Financial Officer, effective June 23, 2025, following the departure of previous CFO Michael Rama [1][4]. Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6]. Leadership Background - Michael Bercovich has over 20 years of diverse experience in finance leadership roles across various tech companies, having previously served as CFO at multiple organizations and successfully raised over $250 million in capital [2][3]. - Bercovich's career includes significant roles at KPMG and leading financial operations for Xerox and CGI Group, showcasing his ability to navigate complex regulatory environments and drive business growth [3]. Transition and Continuity - Robert Strauss, a senior advisor from FTI Consulting, will serve as Interim CFO until Bercovich officially joins, ensuring operational continuity during the transition [4]. - The previous CFO, Michael Rama, contributed to strengthening Blink's financial foundation and supporting strategic initiatives before pursuing new opportunities [5]. Future Outlook - Bercovich expressed enthusiasm about joining Blink at a pivotal time, aiming to enhance the company's success in introducing new EV charging and energy management solutions, which are expected to positively impact revenue and market presence [5].

Core Viewpoint - Blink Charging Co. is implementing a strategic restructuring plan aimed at enhancing operational efficiencies and positioning the company for long-term growth and profitability in the evolving global market [1][3]. Workforce Reduction - The company plans to reduce its global workforce by approximately 20% to streamline operations and align resources with its strategic priorities, which is expected to yield annualized savings of over $11 million [2]. - The estimated costs related to this workforce reduction will be between $1 million and $1.5 million, covering cash severance and other restructuring costs, with completion expected by the end of Q3 2025 [2]. BlinkForward Initiative - The BlinkForward initiative reflects the company's commitment to innovation and efficiency, aiming to create a more focused and agile organization that can respond to market dynamics and seize growth opportunities [3]. - This initiative prioritizes sustainable innovation, customer-centric solutions, and enhanced shareholder value [3]. Leadership Statement - The President & CEO of Blink emphasized that the restructuring is a proactive measure to build a more efficient organization aligned with strategic goals, ensuring long-term success [4]. - The company is committed to supporting affected employees through severance packages and outplacement services [4]. Competitive Positioning - The strategic realignment under the BlinkForward initiative is expected to strengthen the company's competitive positioning, improve financial performance, and lay a solid foundation for future innovation and market leadership [5]. Company Overview - Blink Charging Co. is a global leader in electric vehicle charging equipment and services, providing innovative solutions for drivers, hosts, and fleets to transition to electric transportation [6]. - The company's offerings include EV charging networks, equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [6].