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Workhorse Group Undergoes A Management Rejig

TNI || New Delhi || 05th Oct 2021

Workhorse Group, the electric vehicle maker has confirmed that two of its top executives, that includes  chief Steve Schrader have left the organization.

The statement further said that it has recruited new people, as a part of management rejig to ensure its commercial goals.

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These changes bring to light that Workhorse is undergoing a major management change after Richard Dauch has taken over the position of Chief Executive Officer from last month.

Greg Ackerson, who is  currently the corporate controller will take over as the interim Chief Financial Officer till the time the company gets a permanent successor.

Rob Willison who was the COO has also departed and as per the company, the position is now being eliminated.

Workhorse also confirms that it has made new hires for the role of Chief Technology Officer and Chief Administrative Officer.

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The company is going through a tumultuous time as it is under a probe by the U.S. Securities and Exchange Commission. The changes that have been done in the management are considering the EV maker’s long-term commercial goals.

Having said that all the current re-jig comes after Workhorse losing a 10 year-old, multi-billion dollar from U.S. Postal Service to manufacture a new gen postal service vehicle.