8/10, 2:26 PM (Source: TeleTrader)
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Chart for: Nikola Corp

Nikola announces leadership change

Nikola Corporation announced on Wednesday its incumbent Chief Executive Officer (CEO) Mark Russell will leave the post on January 1, 2023, and be succeeded by Nikola Motor President Michael Lohscheller.

"With more than 20 years in the automotive industry, Michael has deep experience as a seasoned executive and as a highly knowledgeable business operator. [...] We believe that same standard of excellence and operational and commercial expertise will benefit the company's vehicle and energy infrastructure vision," Chairman of the Board Steve Girsky commented.

The company added Russell will remain a member of the board.

Baha Breaking News (BBN) / JR