Lordstown Motors shuffled the prime of its government ranks, including naming longtime vehicle executive Edward Hightower the company’s CEO. Hightower, who savored tenures with Normal Motors and Ford, gets the first Black CEO of a fashionable U.S. automaker with the promotion.
The transfer to elevate Hightower from just the company’s president — he’s also a member of the Lordstown board of directors — is just one of numerous adjustment the long-battling EV maker built among its senior officers.
The company’s past CEO, Daniel Ninivaggi, is now executive chairman of the board, and he designs ot concentrate on company strategy, partnerships and capital raising. Hightower, in addition to his new responsibilities, continues to be CEO of MIH EV Style and design LLC, LMC’s products improvement joint venture with Foxconn.
The moves are made, in aspect, to make sure the firm continues to be on track to develop Lordstown’s very first car or truck, the Stamina by the end of the year.
A new leader
“We now have a centered leadership workforce with extensive practical experience in building, launching and commercializing autos,” said Hightower in a assertion. “I’ve just returned from two months in Taiwan meeting with Foxconn and exploring our joint item growth possibilities.
“I appear ahead to strengthening our partnership and confirming our to start with car software in excess of the up coming several months. The LMC workforce also remains laser targeted on launching the Endurance this quarter, with industrial deliveries predicted in the fourth quarter.”
Hightower’s shift into the CEO’s purpose is a noteworthy occasion, though he’s technically not the 1st Black CEO of an automaker. That honor belongs to C.R. Patterson, who shaped C.R. Patterson & Sons, which designed its to start with motor vehicle in 1914. Functioning with his son, Frederick, the organization developed the Patterson-Greenfield Car until eventually 1918, when it commenced producing buses. The organization lasted right until 1939 and is however the only Black-owned automaker in U.S. background.
A shift in the tasks and titles between Ninivaggi and Hightower weren’t the only moves announced. Other modifications involve:
- Donna Bell, a former Ford Motor Co. executive with pretty much 30 many years of automotive product improvement and engineering innovation leadership knowledge, has been appointed Government Vice President, Solution Development, Engineering and Source Chain, effective promptly.
- Andrew Reyntjes, a 30-yr veteran of the automotive and industrial fleet sector, was appointed Senior Vice President, Gross sales, Support and Marketing, effective June 29.
- Jill Coniglio-Kirk was appointed Vice President of Individuals & Society, effective June 20. She has far more than 20 a long time of working experience in automotive human assets roles and setting up out early-phase businesses.
- Jane Ritson-Parsons will be transitioning out of the purpose of Chief Professional Officer and become an advisor to the business.
Ninivaggi stressed owning the suitable individuals in the right spots, is vital the good results of the enterprise in the near expression as perfectly as in the long term.
“Since joining Lordstown Motors, recruiting an seasoned and proficient administration crew has been a crucial precedence. With the latest closing of the Foxconn transactions and the start of our new Foxconn joint enterprise, Lordstown Motors has shifted to a far more engineering and merchandise growth concentrated OEM,” he reported in a assertion.
“As the Stamina receives nearer to manufacturing and we choose companions for our first joint enterprise automobile, our industrial system will also be significant. Andrew will accelerate the improvement of our business fleet partnerships.
“Finally, we are in an market with emerging technologies and the want for continual innovation. Jill will be a essential member of our senior management group, with a distinct emphasis on recruiting and creating the very best EV engineering expertise.”
However exploring for the right individuals
Ninivaggi’s concentration on discovering the appropriate folks for the work has been part of the challenge for the nascent EV maker for a great deal of the past 12 months. The previous Icahn Enterprises CEO himself has been with the enterprise less than a calendar year.
In June 2021, the company’s founder and CEO Steve Burns, as effectively as then-CFO Julio Rodriguez, resigned from the firm. They remaining days just after the Ohio-based mostly firm warned there was “substantial doubt” it would have adequate revenue to remain in business for the following calendar year. The organization also faces an investigation by the U.S. Securities and Trade Commission into statements that it misled buyers.Prior to that, shorter-vendor team, Hindenburg Analysis released a report questioning Lordstown’s optimistic profits projections. According to Hindenburg, the “fake” orders were being utilized to aid Lordstown raise cash. It has due to the fact occur out that most, if not all, of the automaker’s sales claims are questionable.