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24x7Report > Blog > Finance > Nikola CFO to resign less than a year after joining
Finance

Nikola CFO to resign less than a year after joining

Last updated: 2023/11/17 at 11:30 PM
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Nikola CFO to resign less than a year after joining
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(Reuters) -Electrical-truck maker Nikola mentioned on Friday Chief Monetary Officer Anastasiya Pasterick would resign to “pursue different alternatives” lower than a yr after becoming a member of the loss-making firm.

Pasterick was appointed to the position in March this yr after the exit of Kim Brady, who was credited with taking Nikola public via a merger with a blank-check agency in 2020.

The corporate expects to wrap up its seek for a brand new CFO quickly and Pasterick will help with a transition via Dec. 1, it mentioned. Key monetary leaders will report back to CEO Stephen Girsky within the interim.

The information comes simply months after Nikola named its fourth CEO in 4 years, with Girsky instantly taking on from Michael Lohscheller.

Whereas automakers nonetheless anticipate robust U.S. demand for electrical autos, main EV corporations like Tesla and Ford Motor have pushed again some manufacturing unit buildouts within the face of financial issues.

Nikola posted a wider loss for the third quarter on suspending gross sales and recalling all 209 of its battery-electric heavy obligation vehicles after an investigation discovered a coolant leak inside a battery pack inflicting fires in its autos.

Shares of the corporate fell as a lot as 2% in prolonged buying and selling.

(Reporting by Seher Dareen in Bengaluru; Enhancing by Devika Syamnath)

See also  Iran war exposes big market concentration risk. It isn't in US stocks

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