Panzer named CFO of Hyliion Holdings

Industry Communications: Winter 2022-23

Hyliion Holdings Corp., a leader in electrified powertrain solutions for Class 8 commercial semi-trucks, announced in September that Jon Panzer joined the company as Chief Financial Officer. Panzer brings extensive expertise in leading financial activities for Union Pacific Railroad Company, one of the nation’s largest railroads, with a broad understanding of transportation, logistics and technology. He oversees all aspects of Hyliion’s financial operations, including financial planning and analysis, accounting, treasury, tax and investor relations.

“With his long-tenured career at Union Pacific, Jon brings with him to Hyliion a wealth of financial leadership experience that is only matched by his significant background in strategic technology and transportation operations,” said Hyliion founder and CEO Thomas Healy. “I’m thrilled to have Jon join the leadership team and I look forward to his contributions and adept guidance as the company continues down its product development path toward commercialization.”

Prior to joining Hyliion, Panzer spent 26 years at Union Pacific Railroad Company, where he was most recently Senior Vice President of Intermodal Operations. He also served as Senior Vice President of Technology and Strategic Planning, Vice President and Treasurer, and Vice President, Financial Planning and Analysis. Panzer’s financial experience includes treasury operations, investor relations, banking, capital budgeting, financial reporting and cost accounting. As head of the railroad’s information technology organization, Panzer was responsible for managing application development, technology infrastructure and cyber security.

“I am excited to join Hyliion at such a pivotal time, as it’s experiencing incredible growth and strides in technology,” said Panzer, a graduate of the ECE program with a B.S. in electrical engineering from UNL in 1989. He also has an M.B.A. from Carnegie Mellon University. “There is so much opportunity as we look ahead to transforming the transportation industry, and I am proud to be a part of an organization whose ambitious mission is reinforced by true innovation.”