(Bloomberg) -- Nikola Corp.’s chief financial officer is stepping down
next month in a shake up of the zero-emission vehicle startup’s top
ranks.
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Kim Brady, who has been a source of stability amid managerial turmoil,
will leave as finance chief at the Phoenix-based company on April 7
before departing later that month, the company said in a statement
Monday. He has served as CFO since Nov. 2017.
The maker of battery-electric semi trucks reported wide misses on
revenue and deliveries in the last quarter of 2022, and also failed to
deliver as many vehicles as promised despite a previous guidance cut.
Nikola tapped Anastasiya “Stasy” Pasterick, its current vice president
and controller, as Brady’s successor. Pasterick started her career at
KPMG LLP and played a key role in Nikola’s 2020 reverse merger with a
publicly traded blank-check company, the company said.
The exit marks the latest high-level departure of an executive who
overlapped with Trevor Milton, the company’s former founder and
chairman, who resigned in Sept. 2020. Milton was later found guilty of
defrauding investors.
Earlier this year Mark Russell stepped down as Nikola’s chief
executive officer, a post he had held since June 2020 — the same month
the company merged with a special purpose acquisition company.
Russell, who joined Nikola as president in Feb. 2019, was replaced by
Michael Lohscheller.
Nikola’s shares, which peaked at an intraday high of $93.99 shortly
after its mid-2020 IPO, closed Monday at $1.51. The stock fell 1.3% in
postmarket trading as of 6pm in New York.
(Updates with background on Nikola’s performance from third paragraph.
An earlier version of this story corrected the date Brady was named
CFO.)
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