- Nikola Corp NKLA has named current Nikola Motor President Michael Lohscheller as its next CEO.
- Nikola's CEO and President Mark Russell will retire, effective January 1, 2023, and will remain a member of the Board.
- Lohscheller will assume Russell's President title, join the Nikola Board immediately, and become CEO upon Russell's retirement.
- Lohscheller joined as President of Nikola Motor in February 2022. Before Nikola, he was CEO of Opel.
- Price Action: NKLA shares are trading higher by 0.072% at $6.97 on the last check Wednesday.
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