Lordstown Appoints Chief Commercial Officer, Other Officers in Management

The firm mentioned Chief Operating Officer Jane Ritson-Parsons will even tackle the newly created position of Chief Commercial Officer to information Lordstown’s industrial technique for its automobiles.

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Lordstown’s shares are down greater than 70% this 12 months.

Lordstown Motors on Wednesday employed new executives, together with a chief industrial officer, because the electric-vehicle startup ramped up efforts to deliver its first pickup truck to market. The firm mentioned Chief Operating Officer Jane Ritson-Parsons will even tackle the newly created position of Chief Commercial Officer to information Lordstown’s industrial technique for its automobiles.

Lordstown additionally mentioned longtime automotive business govt Edward Hightower would take over as president efficient November 29 from Rich Schmidt, who’s stepping down. Hightower is at present Managing Director at Motoring Ventures and already working with Lordstown in a consulting capability.

Shea Burns, additionally an auto veteran and who has beforehand led a number of launches at Ford Motor Company, will assume the position of Senior Vice President of Operations at Lordstown. The firm mentioned that Burns Endurance will assist the launch of the pickup truck.

While the corporate has since discovered replacements, it’s nonetheless attempting to get its first mannequin, the Endurance Pickup, to market.

Lordstown needed to reshuffle its administration after founder and CEO Steve Burns and finance chief Julio Rodriguez resigned in June.

While the corporate has discovered a alternative, it is nonetheless attempting to get its first mannequin, the Endurance Pickup, to market, a activity that has been made harder by the corporate’s risky monetary state of affairs and a storm of regulatory backlash and short-seller scrutiny. has been made. the feasibility of your ambitions.

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Lordstown’s shares are down greater than 70% this 12 months. The firm introduced its third quarter outcomes on Thursday. Analysts predict an replace on the pickup truck.

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