In pursuit to restore its credibility since founder’s shameful exit,
Nikola corp. hired Michael Lohscheller, who oversaw the turnaround of Stellantis NV’s Opel division to help the U.S. electric-truck maker ramp up production.
Lohscheller, a former Opel executive who most recently worked for electric-car maker VinFast, has been named Nikola’s president and will report to Chief Executive Officer Mark Russell, the company said
*Nikola official tweet announcement
Today we proudly announced an addition to the Nikola leadership team. Read more about the 20+ year automotive industry veteran who will be joining the Nikola team as President, Nikola Motor. https://t.co/sglYvi62e4
— Nikola Motor Company (@nikolamotor) February 22, 2022
“An experienced industry veteran like Michael strengthens the Nikola team,” Chairman Stephen Girsky said in a statement.
“He knows his way around the manufacturing floors, board rooms and showrooms and has worked with the latest technologies throughout his career.”
Nikola has been trying to bounce back from a credibility crisis spurred by inaccurate statements its founder Trevor Milton made before and after its merger with special purpose acquisition company in June 2020.
Milton resigned in September 2020 while,
Federal prosecutors accused him in July of last year of lying to investors about Nikola’s business and capabilities.
He’s pleaded not guilty, while SEC penalized Milton who agreed to pay a hefty fine in excess of 125$milion