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Nikola Chairman Steps Down as Company Faces Probe


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Nikola Chairman Steps Down as Company Faces Probe

Nikola Corp. Executive Chairman Trevor Milton is stepping down from the electric-truck startup with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors. The company said Mr. Milton would be replaced by Stephen Girsky, a former General Motors Co. executive who already…

Nikola Corp. Executive Chairman Trevor Milton is stepping down from the electric-truck startup with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors.

The company said Mr. Milton would be replaced by Stephen Girsky, a former General Motors Co. executive who already sits on the truck company’s board.

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