executive changes

Autonomous truck developer TuSimple going private

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TuSimple, the first autonomous trucking startup to go public, is voluntarily delisting from the...

https://www.freightwaves.com/news/autonomous-truck-developer-tusimple-going-private

Daimler Truck names new CFO from Siemens AG

The Supervisory Board of Daimler Truck AG has named Eva Scherer as its new chief financial officer and a member of the board of management following the death of former CFO Jochen Goetz from a reaction to a wasp sting in August.

Scherer was an executive vice president and global head of investor relations for German multinational technology conglomerate Siemens AG. She is the first female to lead finance and controlling at the leading German truck maker. Scherer begins work April 1 and has a...

https://www.freightwaves.com/news/daimler-truck-names-new-cfo-from-siemens-ag

Jim Walenczak named Kenworth Truck Co. general manager

Kenworth Truck Co. veteran Jim Walenczak has been named general manager of the Paccar Inc. brand and vice president of the parent company.

Walenczak has worked at Paccar for 13 years. His previous responsibilities included Kenworth assistant general manager for sales and marketing. He also served in fleet, region and general sales manager positions at the century-old brand. He also was assistant general manager of operations at Paccar Parts.

Walenczak succeeds Kevin Baney. He will serve as Paccar...

https://www.freightwaves.com/news/jim-walenczak-named-kenworth-truck-co-general-manager

Exclusive: Nikola CEO Girsky upbeat despite myriad challenges

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In his career as a Wall Street analyst, an adviser to the United Auto Workers and a vice chairman of...

https://www.freightwaves.com/news/exclusive-nikola-ceo-girsky-upbeat-despite-myriad-challenges

Investors pummel Nikola shares after new stock and debt sales

Investors dumped Nikola stock Friday after the electric truck maker priced the sale of 133.3 million new shares and sought to issue $175 million in new debt with an annual interest rate of 8.25%.

The new stock sale would raise to nearly 1 billion the number of outstanding shares in the company. Shareholders voted in August to double the number of authorized shares to 1.6 billion from 800 million, effectively agreeing to dilute the value of their holdings as new shares are issued.

The company...

https://www.freightwaves.com/news/investors-pummel-nikola-shares-after-new-stock-and-debt-sales

Nikola CFO resigns after 6 months in role

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Nikola Corp. Chief Financial Officer Anastasia “Stasy” Pasterick is leaving the role after just six...

https://www.freightwaves.com/news/nikola-cfo-resigns-after-6-months-in-role

Daimler Truck CEO will take on finance role temporarily

Daimler Truck CEO Martin Daum will temporarily add the CFO role as the global truck maker’s Supervisory Board seeks a permanent replacement for the recently deceased Jochen Goetz.

The sudden death of the 52-year-old Goetz “leaves the company and its employees dismayed,” Daimler said in a news release Monday. No cause of death was announced following his passing on Aug. 5.

“The large number of expressions of grief and condolence underlines how closely the former CFO of Daimler Truck was associated...

https://www.freightwaves.com/news/daimler-truck-ceo-will-take-on-finance-role-temporarily

Nikola’s cash position improves but losses widen in Q2

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Nikola Corp. added $107 million in unrestricted cash to its balance sheet from asset and stock sales...

https://www.freightwaves.com/news/nikolas-cash-position-improves-but-losses-widen-in-q2

Nikola gets 3rd CEO in a year with Steve Girsky taking over

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Nikola Chairman Steve Girsky is taking over as CEO — the startup electric truck maker’s third chief...

https://www.freightwaves.com/news/nikola-gets-3rd-ceo-in-a-year-with-steve-girsky-taking-over

Rumsey succeeds Linebarger as chair of Cummins

Jennifer Rumsey, who became CEO of engine maker and technology provider Cummins Inc. a year ago, also will chair the company following the retirement of her mentor and vocal fan, Tom Linebarger.

The mutual admiration between the two played out again Wednesday with the announcement that Rumsey would succeed Linebarger Aug. 1 as chair of the board of the Columbus, Indiana-based Tier 1 supplier. 

“I would like to extend my sincere gratitude to Tom who has been an extraordinary leader for this...

https://www.freightwaves.com/news/rumsey-succeeds-linebarger-as-chair-of-cummins

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