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Electric-truck maker Lordstown’s CEO, CFO resign, shares slump

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Reuters

By Subrat Patnaik and Ben Klayman (Reuters) – Lordstown Motors Corp on Monday announced the sudden departure of its chief executive and finance head, just days after the electric truck maker warned that it may not have enough money to stay in business over the next year, sending shares down more than 15% in early trading. The resignations of founder and Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez come as the company’s board reported conclusions from an internal investigation into claims made by short-seller Hindenburg. Burns is Lordstown’s largest shareholder with a…

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