August 11, according to foreign media reports, local time on Wednesday, the U.S. electric truck manufacturer Nikola (Nikola) announced that it will appoint former Volkswagen executives Michael Lohscheller (Michael Lohscheller) as the company’s chief executive officer (CEO), the appointment effective January 1, 2023.
According to Collider, Loschelle previously held the position of chief financial officer (CFO) at Volkswagen Group of America for less than five years.
He joined Nicola as president in February 2022 and has already achieved some notable accomplishments, including making a significant impact in driving the series production of the Tre all-electric vehicle and achieving development milestones for the Tre fuel cell electric vehicle (FCEV).
Prior to joining Nicola, he was CEO of Opel, leading the company to sustainable profitability and overseeing its transformation into a leading electric vehicle brand.
According to foreign media reports, Locherer will succeed Mark Russell as CEO and immediately join Nicola’s board of directors, while Russell, Nicola’s current CEO and president, will retire on Jan. 1, 2023. Although Russell will retire from the CEO position, he will remain a member of the company’s board of directors.
Russell, 59, joins Nicola as president in 2019 and succeeds Nicola founder Trevor Milton as CEO in 2020. Milton is reportedly accused of lying about the company’s situation and deceiving investors.
