Quick Answer: Why Did Trevor Milton Step Down As CEO?

Who is CEO of Nikola?

Mark RussellNikola Corporation/CEODespite the ongoing turmoil, Nikola CEO Mark Russell said the company remains committed to its objectives and creating value for shareholders..

Who is Nikola founder?

Trevor MiltonNikola Corporation/FoundersNikola founder Trevor Milton’s star has fallen even faster than it rose. Less than a month ago, the 38-year-old billionaire and his electric-truck startup appeared poised to usher in the next generation of high-tech vehicles when he inked a $2 billion partnership with industry giant General Motors.

Why did Nikola CEO step down?

Nikola founder Trevor Milton has stepped away from his startup, which is working on making tractor trailers powered by hydrogen fuel cells, after he was accused of fraudulently exaggerating the viability of some of his company’s technology.

Did Trevor Milton step down?

Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down from his roles as executive chairman and a member of its board.

How did Trevor Milton make his money?

Trevor Milton, founder of the electric-truck maker Nikola, has landed on the Forbes 400 list for the first time. His wealth is largely tied to the company’s stock price, which has soared following deals with General Motors, Anheuser Busch, and more.

Did Trevor Milton sell his shares?

He’s said on Twitter that he has no plans to sell his own stock and that he has approval from Nikola’s board to borrow against his stake to add to his position. “It could be worth billions in the future if we do well,” Milton said in the Aug. … Milton said a couple of those first employees have since departed.