Girsky is a GM board veteran

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.

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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.

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

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Ttnews.com 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.