On August 24, 2023, the board of directors appointed Paul Hancock as an independent director of the Ideanomics, Inc. and as a member of the Audit Committee and Compensation Committee of the board, to be effective as of September 1, 2023. Most recently, Mr. Hancock has served as Vice President, Deputy CEO & CFO of InoBat AS, and he has over 25 years of experience in corporate finance, financial control and strategic planning. From March 2016 to June 2021, Mr. Hancock previously held the position of Deputy Chief Financial Officer at Aston Martin Lagonda, the Iconic British manufacturer of luxury sports cars.

Before that, Paul held various director positions at Doncaster Group, a leading international manufacturer of high-precision alloy components. Paul has served as Head of Finance at Ricardo, global engineering, environmental and strategic consultancy and has also worked as a Management Consultant at both Deloitte and IBM. Paul holds a Bachelor of Science Degree in Mathematics, Statistics and Computing and is a member of the Chartered Institute of Management Accountants.