[Stay on top of transportation news: Get TTNews in your inbox.]
Electric and zero-emission vehicle manufacturer Nikola Corp. announced on Aug. 10 it will elevate Michael Lohscheller to president and CEO to replace Mark Russell, who will retire on Jan. 1, 2023.
Russell, who took over the top spot in the company after founder Trevor Milton stepped down amid a Securities and Exchange Commission investigation and subsequent federal charges, will remain in a leadership role in the company as a member of the board of directors.
The company announced Lohscheller, currently Nikola Motor president, is joining the board as a member.
Lohscheller is a 20-year veteran of the automotive industry and has held a variety of high-ranking positions at Mitsubishi Motors Europe, Volkswagen Group of America and Chief Executive Officer at Opel Automotive.
“Michael Lohscheller’s selection represents the completion of a thoughtful succession planning process by the board of directors. With more than 20 years in the automotive industry, Michael has deep experience as a seasoned executive and as a highly knowledgeable business operator,” Nikola Board Chairman Steve Girsky said. “In his six months since joining our company, Michael has continued to bring an increased sense of urgency, high level of accountability, improved lines of communication and accelerated decision-making to Nikola Motor. We believe that same standard of excellence and operational and commercial expertise will benefit the company’s vehicle and energy infrastructure vision.”
“Being part of Nikola has been the highlight of my career,” Russell said. “I could not be prouder of this team and everything we have accomplished and the milestones we have achieved so far. I am confident that under Michael‘s leadership we will continue to show how to decarbonize heavy commercial transportation, and help the world create the energy ecosystem of the future.”
Want more news? Listen to today’s daily briefing below or go here for more info:
