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Zero-emission semi-truck producer Nikola mentioned this week that its CFO has resigned after succeeding the function’s former government earlier this 12 months.
On Friday, Nikola introduced that CFO Anastasiya Pasterick is resigning to “pursue different alternatives,” following her succession of Kim Brady in March (through Reuters). Pasterick is anticipated to assist the corporate transition to its subsequent CFO via December 1, and the corporate plans to pick her successor quickly. Within the meantime, monetary leaders might be anticipated to report back to CEO Stephen Girsky.
Brady had been with Nikola since 2020 and was broadly thought-about to have taken the corporate public in 2020 via a merger with a blank-check agency.
The information of Pasterick’s departure is simply the most recent in Nikola’s issue retaining executives, and it comes simply days after former CEO and founder Trevor Milton requested probation after being discovered responsible of fraud and ordered to pay $165 million in damages final month. Milton was initially indicted for 3 counts of fraud in 2021, after making deceptive statements in regards to the capabilities of Nikola’s Tre battery-electric semi.
Jurors at Nikola founder’s fraud trial might be allowed to see Nikola One “rolling” video
Girsky is Nikola’s fourth CEO in 4 years, after he took over for former CEO Michael Lohscheller earlier this 12 months. All through this 12 months, Nikola has been teetering on the verge of turning into delisted from the NASDAQ inventory alternate after the corporate’s shares dropped briefly under the minimal bid worth necessities.
Along with battery-electric semis, Nikola additionally begun its supply of hydrogen gas cell semi-trucks final month, saying as many as 223 non-binding orders from 23 separate prospects.
The manager shake-up additionally comes after Nikola reported its Q3 earnings earlier this month, throughout which it introduced a larger-than-average loss because of the firm suspending gross sales and issuing recollects on all 209 of the battery-electric semis it has constructed. The recall follows the invention of a reoccurring coolant leak inside its battery packs, inflicting a number of automobiles to catch fireplace.
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