Nikola CEO Michael Lohscheller, Company's Fourth in As Many Years, Steps Down

Nikola Chief Executive Michael Lohscheller, an auto industry veteran, has stepped down due to a family health matter, and Nikola Chairman Steve Girsky has taken over as CEO of the electric-vehicle maker. From a report Girsky is Nikola's fourth CEO in almost as many years after the 2020 departure of Nikola founder Trevor Milton, who was later convicted of defrauding investors. Lohscheller, who took over as CEO of Nikola earlier this year, previously served as chief financial officer and then CEO