Nikola Promotes Michael Lohscheller To Succeed Mark Russell As President And CEO

RTTNews | 1000 dagar sedan
Nikola Promotes Michael Lohscheller To Succeed Mark Russell As President And CEO

(RTTNews) - Energy infrastructure firm Nikola Corp. (NKLA) announced Wednesday that Chief Executive Officer and President Mark Russell will retire, effective January 1, 2023. The company has promoted current Nikola Motor President Michael Lohscheller to succeed Russell.

Lohscheller will assume Russell's President title and join the Nikola Board of Directors effective immediately and become CEO upon Russell's retirement. Russell will remain a member of the Board.

Lohscheller, a 20-year global automotive industry veteran, has previously held a variety of high-ranking positions including EVP and CFO at Mitsubishi Motors Europe, EVP and CFO at Volkswagen Group of America, CEO at Opel Automobile GmbH and member of the Board at PSA Group and Global CEO of VinFast.

Lohscheller joined as President of Nikola Motor in February 2022. Prior to Nikola, he was CEO of Opel, where he led the company to sustainable profitability and oversaw its transformation into a leading electrified car brand.

read more
Nikola Founder Trevor Milton Gets 4-year Prison For Fraud

Nikola Founder Trevor Milton Gets 4-year Prison For Fraud

Nikola Corp.'s founder Trevor Milton was sentenced to four years in prison for making false and misleading statements to retail investors to drive investor demand. He was also fined $1 million, and three years of supervised release. As per reports, he could be forced to forfeit property as part of his sentence. Judge Edgar Ramos reportedly allowed Milton to remain free on bail while he appeals...
RTTNews | 505 dagar sedan
Nikola Appoints Mary Chan As Chief Operating Officer

Nikola Appoints Mary Chan As Chief Operating Officer

Nikola Corp. (NKLA) announced Monday the appointment of Mary Chan as Chief Operating Officer (COO), effective October 9, 2023. Chan will lead the company's engineering, program, product, supply chain, and manufacturing teams.
RTTNews | 596 dagar sedan
Nikola Announces Q2 Battery-electric Truck Deliveries

Nikola Announces Q2 Battery-electric Truck Deliveries

Nikola Corp. (NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced Wednesday its quarterly deliveries for its battery-electric truck, with wholesale of 45 trucks and retail of 66 trucks in the quarter ended June 30, 2023.
RTTNews | 671 dagar sedan
European Shares Seen Up As China Eases Policy To Boost Growth

European Shares Seen Up As China Eases Policy To Boost Growth

European stocks are seen opening broadly higher on Wednesday after chipmaker AMD reported better-than-expected earnings results and Chinese authorities announced a raft of stimulus measures, including interest rate cuts and a major liquidity injection, to help boost the economy.
RTTNews | 1h 16minuter sedan
European Economic News Preview: Germany Factory Orders Data Due

European Economic News Preview: Germany Factory Orders Data Due

Factory orders and construction Purchasing Managers' survey results from Germany are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for March. Orders are forecast to grow 1.4 percent month-on-month, after remaining flat in February.
RTTNews | 1h 31minuter sedan
Sensex, Nifty Marginally Higher In Cautious Trade

Sensex, Nifty Marginally Higher In Cautious Trade

Indian shares were flat to slightly higher on Wednesday after the Indian Armed Forces launched precision missile strikes under 'Operation Sindoor', targeting nine terrorist sites in Pakistan and Pakistan-occupied Kashmir (PoK) in a strong response to the brutal Pahalgam terror attack.
RTTNews | 2h 26minuter sedan
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying well below the 8,200 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and technology stocks.
RTTNews | 3h 28minuter sedan