Nikola said Michael Lohscheller had stepped down as president and CEO effective immediately and would leave the board on 31 August, 2023.

Steve Girsky, chairman since September 2020, was named replacement CEO.

Lohscheller would remain as an advisor until the end of September.

Nikola said in a statement: “Girsky is unique in his proven ability to translate vision and strategy into world class execution, bringing together teams and solutions to drive results.”

Girsky remains on the board and Steve Shindler, a director since October 2020, will become chairman.

Media reports said Lohscheller left due to a family health issue. Girsky is a former GM board member.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. said Girsky was perhaps best known for his role helping GM after bankruptcy amd was head of the special purpose acquisition company that took Nikola public via a reverse merger in 2020.

The GM veteran reportedly also brokered a deal giving the Detroit automaker an 11% stake in Nikola as part of a subsequently canceled strategic partnership.