Lordstown Motors’ Top Executives Resign as Crisis at Start-up Grows
The New York Times
The resignations were announced after the struggling carmaker released the results of an investigation into an investor’s report on the company’s viability.
Lordstown Motors, the electric vehicle start-up fighting for survival, announced on Monday the resignation of its chief executive, Steve Burns, and chief financial officer, Julio Rodriguez, after the results of a board investigation into an investor’s report questioning the company’s viability and statements about customer interest in its electric trucks. The resignations are effective immediately, and Lordstown has hired an executive search firm to find their replacements. The company released the results of an investigation by a committee of its board into a March report by Hindenburg Research, a bearish investor, which took aim at Lordstown shortly after it went public last October.
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