Nikola (NKLA) appoints new CFO

Nikola (NASDAQ: NKLA), the manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions, announced the appointment of Thomas Okray as its Chief Financial Officer (CFO) on Monday.

Nikola Corporation shares are down 5.7% at $0.69 per share as of 13:10 pm ET.

Okray's position at NKLA marks his fourth tenure as CFO of a public company, having previously held the position at Eaton Corporation, Grainger, and Advance Auto Parts.

He also previously held various executive and CFO roles at General Motors over a 14-plus year period, including extensive time in product development.

“We are proud to welcome Tom as our CFO. Attracting someone of his caliber is a testament to the exciting journey Nikola is on,” said President and CEO Stephen Girsky. “Tom’s depth of financial expertise, cultivated over four decades, will play a crucial role as we expand our supply base and profitably scale our business."

"Scaling the zero-emissions technology at Nikola is something I want to be a part of,” said Okray. “My connection with some of Nikola’s leadership spanning decades made the decision even more natural."

By Sam Boughedda

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