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Nikola Corporation appoints new CFO to bolster leadership

EditorEmilio Ghigini
Published 04/03/2024, 13:12
Updated 04/03/2024, 13:12
© Reuters.

PHOENIX - Nikola (NASDAQ:NKLA) Corporation (NASDAQ:NKLA), a company specializing in zero-emissions transportation and energy infrastructure, today announced Thomas "Tom" B. Okray as the new Chief Financial Officer (CFO). Okray brings with him a wealth of financial expertise from a career spanning over four decades, including leadership roles at several major corporations.

Okray's appointment is seen as a strategic move for Nikola as the company aims to expand its supply base and scale its business profitably. President and CEO, Stephen Girsky, expressed confidence in Okray's ability to contribute to Nikola's growth and success in the evolving trucking industry.

Throughout his career, Okray has held several executive positions, including EVP and CFO at Eaton (NYSE:ETN) Corporation, SVP and CFO at Grainger, and EVP and CFO at Advance Auto Parts (NYSE:AAP). His experience extends globally, with significant time spent in various countries, providing him with a diverse international perspective.

In his statement, Okray conveyed his enthusiasm for joining Nikola and participating in the development of zero-emissions technology. He cited his longstanding connections with some of Nikola's leadership as a factor in his decision to join the company.

Okray's background includes various executive roles at General Motors (NYSE:GM), where he was involved in product development, procurement, and supply chain management, among other areas. He also serves on the board of directors for Flowserve Corporation (NYSE:FLS), The Cleveland Orchestra, and The City Mission.

Nikola Corporation is committed to pioneering zero-emissions solutions and is actively working on battery-electric and hydrogen fuel cell electric trucks through its HYLA brand. The company's integrated approach to transportation and energy aims to contribute to a more sustainable future.

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This announcement is based on a press release statement from Nikola Corporation. The company's forward-looking statements reflect its aspirations and are subject to risks and uncertainties that could impact future results. Nikola advises caution regarding reliance on these statements, which are valid only as of their date.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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