Electric truck maker Lordstown Motors says CEO and CFO resign

Electric truck maker Lordstown Motors says CEO and CFO resign


Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25, 2020.

Lordstown Motors | Reuters

Lordstown Motors said on Monday that Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned, days after the electric truck maker warned that it had “substantial doubt” about its ability to continue as a going concern in the next year.

Lordstown said its lead independent director, Angela Strand, has been appointed executive chairwoman and would oversee the firm’s transition until a permanent CEO is identified.

The company named Becky Roof as interim CFO effective immediately.

This story is developing. Please check back for updates.



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