According to foreign media reports, electric truck manufacturer Lordstown Motors has appointed Adam Kroll as chief financial officer. A few months ago, the company's CEO and chief financial officer were accused by a short-selling agency. The company launched an investigation on the two, and then the two resigned.
Kroll used to work as an investment banker at JP Morgan Chase , focusing on the automotive industry, and will take office on October 25. He will succeed Rebecca Roof, interim chief financial officer, who will continue in his transitional role until December 31. Kroll, 46, previously served as the chief administrative officer of Hyzon Motors, and the company has also become the target of short-selling agency Blue Orca in recent weeks. However, the company has denied the short seller's report, saying it was inaccurate and misleading.
Lordstown and another electric car manufacturer Nikola both completed the listing through a merger with a special purpose company (SPAC). Lordstown and Nikola have become targets of short-selling agency Hindenburg, and the founders of both companies have already left.
Currently the company is redoubled efforts to launch its first electric pickup truck. On October 13, its stock price rose 1.2%. Since the beginning of this year, the company's share price has fallen by about 75%.
.-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-