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Nikola CFO resigns in truck maker’s latest executive shake-up
Nov
Zero-emission semi-truck producer Nikola stated this week that its CFO has resigned after succeeding the function’s former govt 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 predicted to assist the corporate transition to its subsequent CFO by means of December 1, and the corporate plans to pick out her successor quickly. Within the meantime, monetary leaders will likely be anticipated to report back to CEO Stephen Girsky.
Brady had been with Nikola since 2020 and was broadly thought of to have taken the corporate public in 2020 by means of a merger with a blank-check agency.
The information of Pasterick’s departure is simply the newest in Nikola’s issue retaining executives, and it comes simply days after former CEO and founder Trevor Milton requested probation after being found guilty of fraud and ordered to pay $165 million in damages final month. Milton was initially indicted for three counts of fraud in 2021, after making misleading statements about the capabilities of Nikola’s Tre battery-electric semi.
Jurors at Nikola founder’s fraud trial will 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 stock exchange after the corporate’s shares dropped briefly beneath the minimal bid value necessities.
Along with battery-electric semis, Nikola also begun its delivery of hydrogen fuel cell semi-trucks final month, saying as many as 223 non-binding orders from 23 separate clients.
The chief shake-up additionally comes after Nikola reported its Q3 earnings earlier this month, throughout which it introduced a larger-than-average loss as a result of firm suspending gross sales and issuing remembers 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 multiple vehicles to catch fire.
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