Nikola CFO will resign less than a year after joining
The Nikola logo is seen on a truck, during the press day preview of the Los Angeles Auto Show, California, U.S., November 16, 2023. REUTERS/David Swanson acquire licensing rights
Nov 17 (Reuters) – Electric truck maker Nikola said on Friday its chief financial officer Anastasiya Pasterick would resign to “pursue other opportunities” less than a year after joining the loss-making company.
Pasterick was named to the role in March of this year following the departure of Kim Brady, who is credited with taking Nikola public through a merger with a blank check company in 2020.
The company plans to finalize its search for a new CFO soon, and Pasterick will help with the transition through Dec. 1, she said. Top financial executives will report to CEO Stephen Girsky on an interim basis.
The news comes just months after Nikola named its fourth CEO in four years, with Girsky immediately succeeding Michael Lohscheller.
While automakers still expect strong U.S. demand for electric vehicles, major EV makers like Tesla (TSLA.O) and Ford Motor (FN) have pushed back construction of some factories amid economic concerns.
Nikola posted a wider third-quarter loss due to the suspension of sales and recall of its 209 battery-electric heavy-duty trucks after an investigation found a coolant leak inside a battery causing fires in his vehicles.
Shares of the company fell as much as 2% in extended trading.
Reporting by Seher Dareen in Bangalore; Editing by Devika Syamnath
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