EV Company Workhorse’s Finance, Operating Chiefs Leave in Shake-Up

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The electric-vehicle maker said last week that it was suspending deliveries of its electric vans and recalling 41 already sold vans.

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It said Greg Ackerson, its corporate controller, will serve as interim chief financial officer while it seeks Mr Schrader’s successor, adding that it will consider internal and external candidates. The company notes that Mr. Schrader’s departure is not based on any disagreement with its accounting principles or practices or financial statement disclosure.

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Workhorse said it has eliminated the position of chief operating officer.

In late July the company tapped Richard Deutsch, a former Delphi Technologies CEO, to take the helm, as it withdrew its production guidance for the year.

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The company said last week that it was suspending deliveries of its C-1000 electric van and after announcing plans to revise the van’s design to address safety-certification issues already in the hands of customers. Calling back the existing 41 vans.

The company has targeted the C-1000 cargo van for the last-mile delivery sector and sought to sell the vehicle to companies such as United Parcel Service. Inc.

and fedex Corporation

The company dropped a legal challenge to the US Postal Service’s award of a lucrative contract for package vans to Oshkosh earlier in September. Corporation

With the departure of M/s. Schrader and Willison, the workhorse, announced that Jim Harrington, another former top Delphi executive, has joined as chief administrative officer, and Josh Anderson, who has served as president of Leighton, RexRover and Desch Systems, has joined has announced that it has joined the newly created position of Chief Technology Officer.

Colin Kellaher [email protected] . Feather

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