On Wednesday, Nikola Corp announced that Michael Lohscheller would succeed Mark Russell as the company on January 1 of the next year.

According to the company, Lohscheller, who joined in February, will replace Russell as president and join Nikola‘s board immediately.

According to the company, Lohscheller, 53, played a key role in both the development of the Tre fuel-cell electric vehicles and the production of Tre battery electric vehicles.

Nikola, which plans to produce 300 to 500 Tre battery electric trucks this year, stayed on track with its production goal last week after its second-quarter revenue beat estimates.

Before taking on the position of CEO of Nikola Motor, Lohscheller served as the CEO of the German automaker Adam Opel AG from the stable of conglomerate Stellantis NV. He also temporarily held the position of VinFast‘s global top executive.

At Nikola Motor, Lohscheller has expedited decision-making and enhanced communication, according to chairman Stephen Girsky.

In 2020, Russell, 59, took over as CEO of Nikola in place of founder Trevor Milton, who was charged with misleading investors about the business.

Source: Reuters