Europa Press: Nikola co-founder resigns as company president following fraud allegations000416

MADRID, 21 Sep. (EUROPA PRESS) –
The co-founder of the electric vehicle manufacturer Nikola Trevor Milton has presented his resignation on Monday as executive president of the company, according to the company, which has decided to appoint Stephen Girsky, former vice president of General Motors and a director of Nikola as chairman of the board with immediate effects.
“Nikola is in my veins and always will be and the focus should be on the company and its mission to change the world, not me,” said Milton. In recent weeks, the Hindenburg Research fund published a series of allegations against the company and claimed that because of them it had taken a short position on the company.
“I am confident that Steve is the right leader to guide our vision on the board of directors. In addition to being an early investor, Steve has over 30 years of experience working with equipment manufacturers, suppliers, contractors, union leaders and politicians, in addition to having served as a director in numerous listed companies, “added Milton.
Girsky has thanked the company’s co-founder for his “visionary leadership” and his “significant contributions” to Nikola since its inception.
For his part, the CEO of the company, Mark Russell, has ensured that Nikola’s priorities remain “intact” and that the firm is focused on executing its strategic initiatives and laying the foundations to become a “vertical provider of solutions zero emission transportation “.

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