Nikola to decrease the size of its board from ten to nine starting June

Nikola announced on Thursday that Sophia Jin will be retiring from the Board after this year’s annual meeting in June, decreasing Board size from ten to nine members. Jin’s departure does not affect the ongoing strategic relationship between Nikola and Hanwha as both continue to have mutual confidence in the vision to move a zero-emissions future forward.

“Jin has been a valued member, serving on the Board’s audit committee during that time” — the company said. Jin is currently senior director of venture investments of Hanwha Holdings, a stage-agnostic investor representing Hanwha Corporation, since January 2019, and was director of venture investment of Hanwha Holdings from January 2018 to December 2018.

“I am grateful for my opportunity to serve on the Nikola Board and am proud of what has been accomplished during that time. I remain confident in Nikola’s future and am excited to see the company execute on its groundbreaking business plan“ — Jin shared.

“On behalf of the Board, I want to thank Sophia for her commitment and support to advance Nikola’s vision forward over these past three years,” said Nikola Chairman of the Board Stephen Girsky.

The company announced on April 7 that will report its first quarter ended March 31, 2022 financial results on Thursday, May 5, 2022. On that day, Nikola’s management will hold a conference call and webcast at 9:30 a.m. ET (6:30 a.m. PT) to review and discuss the company’s business and outlook. The webcast will be available at (live and replay).

The company recently announced that signed a partnership with the market leading commercial finance company ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group. The partnership aims to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and Nikola Tre hydrogen fuel-cell electric vehicles (FCEVs). Start of production of the Tre BEVs began last week at Nikola’s Coolidge, Arizona manufacturing facility.  The Nikola Tre FCEV deliveries are anticipated in 2023.