Nikola, the zero-emission semi-truck manufacturer, disclosed the resignation of its CFO. Anastasiya Pasterick, who assumed the role after Kim Brady earlier this year, is stepping down to explore new opportunities, as announced by Nikola on Friday. Pasterick is slated to assist in the transition to the next CFO until December 1, with the company actively seeking her successor. During this interim period, financial leadership will report directly to CEO Stephen Girsky.
Brady, who joined Nikola in 2020, played a pivotal role in the company’s public debut through a merger with a blank-check firm in 2020.
Pasterick’s departure adds to Nikola’s challenge in retaining executives, coinciding closely with former CEO Trevor Milton’s recent request for probation after being found guilty of fraud and ordered to pay $165 million in damages. Milton faced charges in 2021 for misleading statements about Nikola’s Tre battery-electric semi.
Girsky marks Nikola’s fourth CEO in as many years, taking over from former CEO Michael Lohscheller earlier this year. Nikola faced potential delisting from the NASDAQ stock exchange due to fluctuations in share prices falling below the minimum bid price requirements.
Apart from battery-electric semis, Nikola initiated deliveries of hydrogen fuel cell semi-trucks last month, securing approximately 223 non-binding orders from 23 different customers.
This leadership shift follows Nikola’s Q3 earnings report, which revealed a larger-than-expected loss attributed to the suspension of sales and recalls of all 209 battery-electric semis produced. The recalls were prompted by recurring coolant leaks in the battery packs, resulting in multiple vehicle fires.
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