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Lordstown Motors names Adam Kroll as CFO By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: This sign for Lordstown Motors can be seen in front of the Lordstown Assembly Plant (Ohio), U.S.A, June 21, 2021. REUTERS/Rebecca Cook

(Reuters) – Lordstown Motors Corp has named Adam Kroll chief financial officer.

Lordstown claimed that Kroll is a veteran of the capital, operations and financial markets. Kroll was previously an investment banker for JP Morgan with a particular focus on the automobile industry.

The company’s founder, Chief Executive Steve Burns, and Julio Rodriguez, CFO, announced their sudden resignations in June. This was just days after electric vehicle maker Tesla warned it might not have the money necessary to keep the business afloat for the next year.

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