Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer

April 22, 2024 5:22 PM EDT

On April 21, 2024, the Board appointed Michael Healy as Chief Restructuring Officer of Fisker (OTC: FSRN). Mr. Healy is a Senior Managing Director of FTI Consulting, Inc. (“FTI”), a management advisory and consulting firm. Mr. Healy specializes in restructuring and reorganizations. Mr. Healy has served as Chief Restructuring Officer, President, Chief Executive Officer and Chief Financial Officer to distressed companies previously. Mr. Healy has extensive experience which includes advising companies, creditors, shareholders and other interested parties on restructuring transactions both in Chapter 11 and in non-bankruptcy driven resolutions.

Effective March 30, 2024, the Company and FTI entered into an interim management engagement letter in the event Mr. Healy were to be appointed as the Company’s Chief Restructuring Officer. FTI’s fees for such services will be billed based on time worked, plus reimbursable expenses at costs.

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