executive changes

Japanese truck maker Hino gets 1st American president and chairman

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The U.S. unit of Japanese manufacturer Hino Trucks has appointed its first American-born president...

https://www.freightwaves.com/news/japanese-truck-maker-hino-gets-1st-american-president-and-chairman

Former USA Truck CEO takes COO role at Kodiak Robotics

MOUNTAIN VIEW, California — Some cajoling before a let’s-make-a-deal barbecue dinner in Fort Smith, Arkansas, persuaded James Reed to take his technical credentials — unparalleled among trucking company chief executives — back to Silicon Valley.

Reed led a turnaround as CEO of USA Truck for six years before its sale to German logistics giant D.B. Schenker in September. He is trucking’s first C-suite executive to take a leading role at an autonomous trucking startup, joining Kodiak Robotics as...

https://www.freightwaves.com/news/former-usa-truck-ceo-takes-coo-role-at-kodiak-robotics

TuSimple lays off 350 employees as its fortunes worsen

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TuSimple Holdings laid off 350 employees — 25% of its workforce — on Wednesday, the latest blow to...

https://www.freightwaves.com/news/tusimple-lays-off-350-employees-as-its-fortunes-worsen

TuSimple moves to fix its boardroom deficiencies

Autonomous trucking developer TuSimple Holdings moved Friday to fill corporate governance holes, naming two additional independent directors and making its interim CFO permanent.

The moves are necessary to ensure San Diego-based TuSimple regains compliance with the Nasdaq to retain its listing. The company was the first to remove the driver from a Class 8 cab last December.

“When I returned to lead TuSimple, I made a commitment to right the ship and set us on a path toward long-term stability and...

https://www.freightwaves.com/news/tusimple-moves-to-fix-its-boardroom-deficiencies

TuSimple, Navistar end autonomous truck partnership

TuSimple Holdings and Navistar Inc. are going their separate ways. Their two-year marriage intended to birth a purpose-built Class 8 autonomous truck for long-haul freight is ending in divorce.

The announcement late Monday is the latest setback for TuSimple (NASDAQ: TSP). Boardroom drama and federal investigations have sent its shares to a 52-week low on the Nasdaq. Shares traded at midday Tuesday down 12.17% at $1.99.

Since a friendly panel discussion during CES in January, relations have soured...

https://www.freightwaves.com/news/tusimple-navistar-end-autonomous-truck-partnership

Co-founder gets voting control of TuSimple

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After ousting its four independent directors a week ago, the co-founders of autonomous truck...

https://www.freightwaves.com/news/co-founder-gets-voting-control-of-tusimple

Cheng Lu returns as CEO at TuSimple; independent directors dumped

Cheng Lu, ousted as CEO of autonomous truck developer TuSimple in an unannounced succession plan in March, is returning to his former role effective immediately, and the company’s co-founders removed the board’s four independent directors, according to a Securities and Exchange Commission filing late Thursday.

The boardroom drama left TuSimple in violation of Nasdaq listing rules that requires a majority of independent directors. The company said it will return to compliance before a delisting...

https://www.freightwaves.com/news/source-cheng-lu-to-return-as-ceo-at-tusimple

Hyzon Motors ousts CEO Craig Knight as financial probe continues

Head shot of Parker Meeks

Hyzon Motors has ousted CEO Craig Knight because of a financial quagmire over how the trucking fuel cell maker reported revenue in China and managed internal financial controls.

Parker Meeks, most recently Hyzon’s chief strategy officer, was named president and interim CEO effective immediately. Knight also was removed as a company director. The board plans to search for a new CEO externally and internally.

“Parker Meeks has the depth and breadth of experience in the energy, infrastructure and...

https://www.freightwaves.com/news/hyzon-motors-ousts-ceo-craig-knight-as-financial-probe-continues

Daimler Truck names new CEO for autonomous subsidiary Torc Robotics

Peter Vaughan Schmidt with autonomous Freightliner Cascadia

Daimler Truck is installing its own CEO to lead Torc Robotics, ending a 17-year era of Michael Fleming’s leadership. The move folds the independent subsidiary further into the world’s largest truck maker.

Peter Vaughan Schmidt, currently head of Daimler Truck’s Autonomous Technology Group, will become Torc CEO on Oct. 1, Daimler Truck and Torc said Thursday.

Fleming co-founded Torc in 2005 while a graduate student at Virginia Tech. It became part of Daimler in 2019 when the truck maker acquired a...

https://www.freightwaves.com/news/daimler-truck-names-new-ceo-for-autonomous-subsidiary-torc-robotics

Lohscheller will succeed Russell as CEO of Nikola

Veteran automotive executive Michael Lohscheller was Nikola Corp. Chairman Steve Girsky’s pick to run Opel when Girsky was vice chairman of General Motors. On Wednesday, he did it again, elevating Lohscheller to the top job at Nikola from president of Nikola Motors.

The succession plan began when Girsky recruited Lohscheller to the president role in February. He worked under current CEO Mark Russell, who will retire. Lohscheller becomes corporate president and joins the company’s board of...

https://www.freightwaves.com/news/lohscheller-will-succeed-russell-as-ceo-of-nikola

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