Electric truck-maker Nikola switches heads

ELECTRIC truck-maker Nikola Corporation has appointed Michael Lohscheller as president, and he will become its next chief executive officer in January next year when he takes over the position upon Mark Russell’s retirement.

Mr Lohscheller (53), who joined Nikola in February, will take over as president from Mr Russell (59) and join Nikola's board effective immediately, the company said.

His predecessor replaced Nikola founder Trevor Milton, who was accused of defrauding investors by lying about the company, as CEO, in 2020, which impacted on the share price.

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