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Nikola CFO to resign less than a year after joining

Published Nov 17, 2023 05:04PM ET Updated Nov 17, 2023 05:21PM ET
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© Reuters. The logo of Nikola is seen on a truck, during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. REUTERS/David Swanson
 
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(Reuters) -Electric-truck maker Nikola (NASDAQ:NKLA) said on Friday Chief Financial Officer Anastasiya Pasterick would resign to "pursue other opportunities" less than a year after joining the loss-making company.

Pasterick was appointed to the role in March this year after the exit of Kim Brady, who was credited with taking Nikola public through a merger with a blank-check firm in 2020.

The company expects to wrap up its search for a new CFO soon and Pasterick will assist with a transition through Dec. 1, it said. Key financial leaders will report to CEO Stephen Girsky in the interim.

The news comes just months after Nikola named its fourth CEO in four years, with Girsky immediately taking over from Michael Lohscheller.

While automakers still expect strong U.S. demand for electric vehicles, major EV companies like Tesla (NASDAQ:TSLA) and Ford Motor (NYSE:F) have pushed back some factory buildouts in the face of economic concerns.

Nikola posted a wider loss for the third quarter on suspending sales and recalling all 209 of its battery-electric heavy duty trucks after an investigation found a coolant leak inside a battery pack causing fires in its vehicles.

Shares of the company fell as much as 2% in extended trading.

Nikola CFO to resign less than a year after joining
 

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