Business

Lordstown Motors names Adam Kroll as CFO

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A Lordstown Motors signal is seen exterior the Lordstown Meeting Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook dinner

Oct 13 (Reuters) – Electrical-vehicle maker Lordstown Motors Corp on Wednesday named Adam Kroll as chief monetary officer.

Lordstown stated Kroll brings almost 25 years of economic, operational and capital markets expertise. He beforehand served as an funding banker at JP Morgan, with a give attention to the automotive business.

In June, the corporate introduced the sudden departure of its founder and Chief Government Steve Burns and CFO Julio Rodriguez, simply days after the electrical truck maker warned that it might not come up with the money for to remain in enterprise over the following 12 months.

Reporting by Subrat Patnaik in Bengaluru; Modifying by Anil D’Silva

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