Lordstown Motors (RIDE) announced new executive leadership on Wednesday, as it continues to move past a summer scandal when parts of the company's disclosures about preorders for its trucks were found to be inaccurate. The company said it has named Edward T. Hightower as president effective Nov. 29. Hightower has 30 years of experience in the auto business and has held senior roles at Ford [: f], BMW and GM (GM). The company said Shea Burns has been named senior vice president, operations. Burns has had 25 years of experience in the business. The electric vehicle maker said Jane Ritson-Parsons will be executive vie president-chief commercial office, a newly created role. Ritson-Parsons was serving as chief operating officer. In October, the Lordstown, Ohio-based company named 46-year-old Adam Kroll as its chief financial officer, effective Oct. 25. Kroll, a former investment banker, most recently served as chief administrative officer of Hyzon Motors Inc. (HYZN), a supplier of hydrogen-powered commercial vehicles, from March through July. Shares were up 2.3% premarket but are down 73% in the year to date, while the S&P 500 has gained 25%.
(END) Dow Jones Newswires
November 10, 2021 08:40 ET (13:40 GMT)
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