Nikola Names VP Anastasiya "Stasy" Pasterick As New Finance Chief Effective April 7, Succeeding Kim J. Brady

• On March 27, Nikola Corp (NASDAQ: NKLA) disclosed that Kim J. Brady would retire as CFO effective April 7, 2023.

• Anastasiya "Stasy" Pasterick, currently serving as Nikola's Vice President, Corporate Controller, will succeed Brady as the company's new CFO.

• Brady will remain employed with Nikola through April 28, 2023, as a non-executive officer in an advisory capacity to support the transition.

• Pasterick began her career at KPMG LLP, where she worked in audit for seven years, serving a diverse portfolio of clients in the automotive and technology sectors.

• At Nikola, Pasterick was vital in executing the organization's SPAC merger in 2020.

• Nikola named Nikola Motor President Michael Lohscheller as its next CEO, effective January 1, succeeding Mark Russell, who retired and continued as a board member.

• In February, Nikola reported fourth-quarter FY22 sales of $6.56 million, missing the consensus of $32.13 million.

• The company delivered 20 Tre BEVs in Q4.

• Operating loss for the quarter deteriorated to $(195.4) million from $(162.7) million a year ago.

• Adjusted EBITDA loss widened to $(166.8) million versus $(90.9) million last year.

• Adjusted EPS loss of $(0.37) beat the consensus of $(0.43).

• Price action: NKLA shares are trading lower by 0.66% at $1.50 premarket on the last check Tuesday.

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