PHOENIX, Oct. 1, 2020 /PRNewswire/ -- Nikola Corporation
(NASDAQ: NKLA) today announced that it has appointed Steve Shindler as a new independent director. In
connection with his appointment, the Nikola Board of Directors has
named Shindler Chair of the Audit Committee. The Company also
announced today that Lonnie
Stalsberg has decided to retire after more than three years
on the Nikola Board.
Shindler is a seasoned executive who brings significant
corporate financial management and strategic planning experience to
Nikola's Board. He most recently served as Chief Financial Officer
of VectoIQ Acquisition Corp., a publicly-traded special purpose
acquisition company focused on opportunities in the industrial
technology, transportation and smart mobility industries, until its
business combination with Nikola Corporation in June 2020. In addition, he also serves as a
director of NII Holdings, Inc., a holding company that previously
owned providers of wireless communication services under the Nextel
brand in Latin America. Prior to joining VectoIQ, Shindler
served as Chief Executive Officer of NII from December 2012 until August
2017. He also served as Executive Chair of NII from
February 2008 to July 2012 and as CEO from 2000 until February 2008. Before joining NII, Shindler was
Executive Vice President and CFO of Nextel Communications from 1996
to 2000.
"We are pleased to welcome a leader of Steve's caliber to the
Nikola Board," said Steve Girsky,
Chairman of Nikola's Board of Directors. "With his strong financial
acumen, Steve's talents will complement the diverse skills and
experience of our current directors, and I am confident he is
well-positioned to serve as Chair of the Audit Committee.
Importantly, I know Steve shares our vision of leaving the world a
better place. We look forward to benefiting from Steve's financial
and operational insights as we continue to execute on our strategy
and deliver on our milestones."
"I am honored to join the Nikola Board of Directors," said
Shindler. "Nikola's zero-emission energy and transportation
solutions are increasingly important as policymakers worldwide
adopt stricter emissions standards and shift toward prioritizing
sustainability. I look forward to working closely with my fellow
Board members to continue building on Nikola's momentum and create
value for shareholders."
Girsky added, "We thank Lon for his many contributions to the
Nikola Board over the past three years, and wish him all the
best."
ABOUT STEVE SHINDLER:
Steve Shindler is a Director of
NII Holdings, Inc. a holding company that previously owned
providers of wireless communication services under the Nextel brand
in Latin America. From 2018 –
June 2020, Shindler served as Chief
Financial Officer of VectoIQ Acquisition Corp., a publicly-traded
special purpose acquisition company focused on opportunities in the
industrial technology, transportation and smart mobility
industries. Previously, Shindler served as Chief Executive Officer
of NII from 2012 until August of 2017 as well as from 2000 to 2008.
As Chief Executive Officer, he successfully transformed NII from a
start-up operation into a leading wireless provider with nearly
11.5 million subscribers. In recent years, he oversaw a financial
restructuring of the company that included sales of its core
businesses in Mexico, Peru, Argentina, Chile and Brazil. Shindler joined Nextel Communications,
Inc. in 1996 as Executive Vice President and Chief Financial
Officer. Prior to joining Nextel, Shindler was Managing Director of
Communications Finance at The Toronto Dominion Bank, one of the
largest suppliers of capital to the wireless industry. Shindler is
also a founding partner of RIME Communications Capital, a firm that
has invested in early stage media, tech and telco companies.
Shindler graduated with a Bachelor of Arts in economics from the
University of Michigan and earned his
Masters of Business Administration from Cornell University.
ABOUT NIKOLA CORPORATION:
Nikola Corporation is
globally transforming the transportation industry. As a designer
and manufacturer of zero-emission battery-electric and
hydrogen-electric vehicles, electric vehicle drivetrains, vehicle
components, energy storage systems, and hydrogen station
infrastructure, Nikola is driven to revolutionize the economic and
environmental impact of commerce as we know it today. Founded in
2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit
www.nikolamotor.com or Twitter @nikolamotor.
FORWARD LOOKING STATEMENTS
Certain statements
included in this press release that are not historical facts are
forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of
1995. Forward-looking statements generally are accompanied by words
such as "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend," "expect," "should," "would," "plan,"
"predict," "potential," "seem," "seek," "future," "outlook," and
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the company's expectations regarding its
business, business model and strategy; the company's expectations
regarding its projected truck builds and related specifications;
the company's expectations for its trucks and market acceptance of
electric trucks; and market opportunity. These statements are based
on various assumptions, whether or not identified in this press
release, and on the current expectations of Nikola's management and
are not predictions of actual performance. Forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results to differ materially from the
forward-looking statements, including but not limited to general
economic, financial, legal, regulatory, political and business
conditions and changes in domestic and foreign markets; the
potential effects of COVID-19; the outcome of legal proceedings to
which Nikola is, or may become a party; failure to realize the
anticipated benefits of the recently completed business
combination; the conversion of pre-orders into binding orders;
risks related to the rollout of Nikola's business and the timing of
expected business milestones; the effects of competition on
Nikola's future business; the availability of capital; and the
other risks detailed from time to time in Nikola's reports filed
with the Securities and Exchange Commission, including its
quarterly report on Form 10-Q for the quarter ended June 30, 2020 and other documents Nikola files
with the SEC. If any of these risks materialize or our assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. These
forward-looking statements speak only as of the date hereof and
Nikola specifically disclaims any obligation to update these
forward-looking statements.
SELL-SIDE ANALYST / INSTITUTIONAL INVESTOR INQUIRIES:
Kim Brady
kim.brady@nikolamotor.com
MEDIA CONTACTS:
Nicole
Rose
nicole.rose@nikolamotor.com
480-660-6893
Colleen Robar
crobar@robarpr.com
313-207-5960
Tim Lynch / Tim Ragones
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Nikola Corporation