Nikola CEO Michael Lohscheller steps down, replaced by Stephen Girsky.

Less than a year after taking the job, the U.S. electric truck maker Nikola Corporation (Nasdaq: NKLA) said on Friday that president/CEO Michael Lohscheller will step down at the end of the month. He will be replaced by board chairman Stephen “Steve” Girsky, a former General Motors (GM.N) executive.

Stephen Girsky will be Nikola’s fourth CEO in as many years. Nikola reported revenue of $15.4 million in the second quarter, a 15% drop from the same period last year.

Stephen Girsky received a bachelor of science degree in mathematics from the University of California at Los Angeles and a master of business administration from the Harvard Business School.

Like Tesla, Inc., the company is named in honor of Nikola Tesla, but is not related to the inventor. Nikola Corporation is based in Phoenix, Arizona. Nikola Corporation was founded by Trevor Milton in 2014.

Stephen J. Girsky serves as managing partner of VectoIQ, LLC, an independent advisory firm based in New York. He served as president and CEO of VectoIQ Acquisition Corp. I from its incorporation in January 2018 until the consummation of its business combination with Nikola Corporation. He has more than 30 years of experience working with corporate board executives, labor leaders, OEM leaders, suppliers, dealers, and national policymakers.

Girsky served in a number of capacities at General Motors from November 2009 until July 2014, including vice chairman. He served as chairman of the Adam Opel AG Supervisory Board and was president of GM Europe for a period of time. He was a special advisor to the CEO and CFO of General Motors Corporation from August 2005 to June 2006.

Girsky served as president of Centerbridge Industrial Partners, an affiliate of Centerbridge Partners, LP, and a multibillion-dollar investment fund. Mr. Girsky also previously served as managing director at Morgan Stanley and as senior analyst of the Morgan Stanley Global Automotive and Auto Parts Research Team.

He is on the board of directors at Nikola Corporation, Brookfield Business Partners Limited, the general partner of Brookfield Business Partners, L.P., as well as a private company, Clarios, which is a leader in battery manufacturing. Girsky served on the Board of U.S. Steel from 2016 to 2021 and on the General Motors Board of Directors following its emergence from bankruptcy in June 2009 until June 2016. He also served as the lead director of Dana Holdings Corp. from 2008 to 2009.

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