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Business

Ramakrishnan M

Nikola CEO Steps Down Amid Management Shuffle

Nikola Michael Lohscheller Rafael Henrique Trevor Milton

In this photo illustration the Nikola Motor Company logo is displayed on a smartphone. (RAFAEL HENRIQUE/GETTY IMAGES)

Beleaguered electric truckmaker Nikola Corporation (NASDAQ:NKLA) on Friday said that President and CEO Michael Lohscheller would be immediately stepping down from his roles, making way for Chairman Stephen Girsky to take the reins. The sudden management shuffle comes on the same day the company is expected to report second-quarter earnings.

In this photo illustration the Nikola Motor Company logo is displayed on a smartphone. (RAFAEL HENRIQUE/GETTY IMAGES)

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