LITT

Unit Split

Logistics Innovation Technologies Corp.

Raised
$340M
CIK
1848364
Focus
Logistics, Technology
External link: SEC Filings

SPAC Team

Leadership

Alan Gershenhorn, our Chief Executive Officer and Chairman of our board of directors , was employed by UPS for 39 years, with his final role being Executive Vice President and Chief Commercial Officer from June 2014 to June 2018. He has served on the Board of Directors of Beacon Roofing Supply since May 2015 and Transportation Insight since August 2018, a portfolio company of Gryphon Investors, Worldwide Express since August 2018, a Ridgemont Equity Partners portfolio company, and Ascend Transport Group since September 2019, a Wellspring Capital Management portfolio company. He also has been a special advisor to 8VC and its portfolio companies since October 2018, and a consultant at Alan Gershenhorn Strategy Partners, LLC since July 2018. At UPS, Mr. Gershenhorn was a member of the Management Committee, which is responsible for the company’s global strategy and day-to-day operations for 11 years. Mr. Gershenhorn holds a degree in finance from the University of Houston. We believe Mr. Gershenhorn is well qualified to serve on our board of directors based on his extensive leadership, operational and functional experience, particularly in supply chain and logistics.

Isaac Yitz Applbaum, our Chief Financial Officer and a member of our board of directors , is a co-founder and partner of MizMaa, a fund which invests in Israeli startup companies in the mobility, cloud and digital healthcare space. Mr. Applbaum also serves as special advisor to 8VC in connection with its investment in enterprise software and healthcare technologies, and 7Wire, a digital healthcare venture group that was one of the early investors in Livongo. In addition, Mr. Applbaum is a co-founder of Secure, where he has served as a director since January 2019. Finally, he is also the President and a Director of Senior Connect since December 2020. Mr. Applbaum also helped found and build SecureKey, a blockchain technologies company, where he has served as a board observer since 2012. Mr. Applbaum also was an early investor in and director of mobile payments company Kili from 2013 to 2017 before it was acquired by Square, Inc. From 2001 to 2006, Mr. Applbaum was a partner at Lightspeed, a global venture fund. From 1997 to 2000, Mr. Applbaum was a board observer of 7/24, an internet protocol-based solutions company. From 1994 to 1999, Mr. Applbaum was Co-Founder and Chief Executive Officer at Concorde from 1994 to 1999, which was subsequently sold to Bank of America. Mr. Applbaum holds a BA from Yeshiva University. We believe Mr. Applbaum is well qualified to serve on our board of directors due to his significant leadership, finance and operational experience.

Chris Sultemeier, one of our director nominees , will serve as a member of our board of directors. Mr. Sultemeier spent 27 years at Walmart, with his final role being President and Chief Executive Officer of Walmart Transportation, LLC from [•] to [•], where he led the logistics teams to improve service to retail stores and clubs. Mr. Sultemeier also currently serves on the board of directors of Duke Realty since [•] and Yellow Corporation since [•]. Prior to joining Walmart, Mr. Sultemeier served in the U.S. Army as platoon leader, Task Force Engineer, and Company Executive Officer in the 1st Infantry Division. Mr. Sultemeier received his Bachelor of Science in Mechanical Engineering from the U.S. Military Academy at West Point. We believe Mr. Sultemeier is qualified to serve on our board of directors due to his extensive operational, transportation and leadership experience in the logistics sectors.

Bruno Sidler, one of our director nominees , will serve as a member of our board of directors. Mr. Sidler has served as Chief Operating Officer and President of the Executive Management Committee of Lonrho Ltd., a privately-owned investment company focusing on food and beverage production and distribution in Sub-Sahara Africa, since 2017. Mr. Sidler has also served on the board of Swiss logistics firm Bertschi AG since 2015, US supply chain technology platform e2log since 2017, international logistics and freight forwarding provider Scan Global Logistics A/S since 2020, and is currently the chairman of the board at Global Airlift Solutions Ltd. since 2014, a Swiss logistics and forwarding company for critical care needs. Prior to these roles, Mr. Sidler served as Chief Operating Officer and a member of the Executive Board of DKSH Holding AG from 2013 to 2017, a publicly listed holding company focused on providing market expansion services. Prior to that engagement, Mr. Sidler held numerous positions, most notably as Chief Operating Officer of CEVA Logistics from 2010 to 2012 and as Chief Executive Officer of the Panalpina Group from 1998 to 2006. From 1978 to 1979, Mr. Sidler enlisted at Infantry Officer School and commissioned as 2nd Lieutenant, and was promoted to 1st Lieutenant during the course of the compulsory annual services. Mr. Sidler has received vocational training in international Freight Forwarding and Logistics in combination with studies at KV Zurich Business School. We believe Mr. Sidler is qualified to serve on our board of directors due to his extensive industry knowledge in international freight and logistics, in addition to his broad operational and leadership experience.

Andrew Clarke, one of our director nominees , will serve as a member of our board of directors. From 2015 to 2019, Mr. Clarke served as the Chief Financial Officer of C.H. Robinson of Minneapolis, Minnesota. From 2007 until 2013, Mr. Clarke was the Chief Executive Officer of Panther of Seville, Ohio, a premium logistics provider that focuses on the automotive, life sciences, governmental and manufacturing segments. From 2001 to 2006, Mr. Clarke served in various executive roles, including as Senior Vice President and Chief Financial Officer, at Forward Air, a diversified transportation services corporation. Mr. Clarke has served on the boards of Element Fleet since 2018 and Big Lots since 2020. Previously, Mr. Clarke has served as a director of several public companies, including Forward Air from 2001 to 2006, Pacer International, Inc. from 2005 to 2009 and Blount International, Inc. from 2010 to 2016. Mr. Clarke holds a MBA from the University of Chicago Booth School of Business and a BSBA from Washington University in St. Louis. We believe Mr. Clarke is qualified to serve on our board of directors due to his broad logistics industry experience, as well as his extensive leadership, operational and financial experience.