Nikola Corporation announced today that it has appointed Lynn Forester de Rothschildto its Board of Directors. Forester de Rothschild is a co-founder of Inclusive Capital Partners (“In-Cap”) and will now represent the group on the board, replacing In-Cap co-founder, Jeff Ubben.
“Lynn’s work in environmental and social issues will be a real asset to Nikola’s board as we execute on our many strategic and business priorities,” said Steve Girsky, chairman of Nikola’s Board of Directors. “I also want to thank Jeff Ubben for his many contributions to the Nikola Board and for his help transitioning Lynn, who will now represent Inclusive Capital Partners on the Nikola Board.”
“I am pleased to join the Nikola Board of Directors,” said Forester de Rothchild. “My life’s work has been in engaging with companies that believe in transforming the world to become cleaner and more inclusive. Creating shareholder value with zero-emissions transportation and energy infrastructure are very important deliverables that I look forward to actively working with Nikola’s management and its Board of Directors to make happen.”
Prior to co-founding In-Cap, Forester de Rothschild founded and chairs the Coalition for Inclusive Capitalism, a not-for-profit seeking to make economies and societies more inclusive, dynamic and sustainable.
Forester de Rothschild is a member of the Board of Directors of The Estee Lauder Companies, and previously served on the boards of The Economist Group, Gulfstream, General Instruments, Bronfman-Rothschild and Weather Central. In addition, she served as a member of the National Information Infrastructure Advisory Committee and the Secretary of Energy Advisory Board under President Clinton, and as a member of the United Nations Advisory Committee on Inclusive Financial Services.
The company reported today its financial results for the quarter and full-year ended December 31, 2021. The company looks forward to achieving the following milestones in 2022:
- Deliver 300 – 500 production Nikola Tre BEVs to customers.
- Successful pilot testing of Tre FCEV alpha trucks with AB, TTSI and others.
- Build, test, and validate Tre FCEV beta trucks.
- Announce location, break ground, and commence construction of the first hydrogen production .hub in Arizona.
- Announce two or more dispensing station partners in California.
“During the fourth quarter, we began delivering Pre-Series Tre BEVs to customers and dealers, and we are ramping up production in Coolidge. We anticipate beginning series production of the Tre BEV on March 21. We are laser-focused on delivering vehicles and generating revenue,” said Mark Russell, Nikola’s Chief Executive Officer.
Nikola will host a webcast to discuss its fourth quarter results at 6:30 a.m. Pacific Time (9:30 a.m. Eastern Time) on February 24, 2022. To access the webcast, parties in the United States should follow this link: https://www.webcast-eqs.com/register/nikola20220224/en.
Earlier this week, the company announced that Michael Lohscheller has been named President of Nikola Motor. Reporting to CEO Mark Russell and supported by the team that is already on the ground, he will be responsible for scaling Nikola’s global truck business.
“Michael Lohscheller brings several decades of direct automotive industry expertise to our already accomplished leadership team at Nikola. His role will be immediately pivotal as the Nikola Tre BEV moves into production, and as we continue to achieve development milestones for the Nikola Tre FCEV,” said Nikola Chief Executive Officer Mark Russell.