FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Lordstown Motors Corp. Rises 21% amid Appointing Auto Sector Veteran Daniel Ninivaggi as CEO”
Lordstown Motors Corp (NASDAQ: RIDE) surged over 21% in premarket trading after the company announced that its Board of Directors has appointed Daniel A. Ninivaggi as CEO and as a member of the Board, effective immediately.
Ninivaggi is the former CEO of Icahn Enterprises and has served in a variety of senior leadership positions in the automotive and transportation industries, boasting extensive experience as a director of public companies.
Lordstown Motors Corp. is an Ohio-based original equipment manufacturer of light duty fleet vehicles, founded with the purpose of transforming Ohio’s Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing. The company owns the 6.2 million square foot Lordstown Assembly Plant where it plans to build the Lordstown Endurance, believed to be the world’s first full-size, all-electric pickup truck designed to serve the commercial fleet market.
For more information, please visit: Lordstown Motors Corp.
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