Hyliion, a provider of electrified powertrain solutions for Class 8 commercial semi-trucks, appointed Jon Panzer CFO. Sherri Baker, Hyliion’s former CFO, left the company on Sep. 8.

Panzer previously led financial activities for Union Pacific Railroad. He will oversee 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,” Thomas Healy, founder and CEO of Hyliion, said. “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, 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 of financial planning and analysis. Panzer’s financial experience includes treasury operations, investor relations, banking, capital budgeting, financial reporting and cost accounting.

Panzer also previously held executive positions in marketing and sales within the Union Pacific’s intermodal and chemicals business segments and served in the United States Navy as a nuclear engineer.

“I am excited to join Hyliion at such a pivotal time, as it’s experiencing incredible growth and strides in technology,” Panzer said. “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.”

Sherri Baker, Hyliion’s former CFO, left the company on Sep. 8.