Lordstown Names New CEO

Daniel A. Ninivaggi will lead Lordstown Motors as CEO and as a member of the Board, effective immediately.

Ninivaggi is the former CEO of Icahn Enterprises L.P., controlled by Carl C. Icahn, and has served in a variety of senior leadership positions in the automotive and transportation industries. He began his automotive career at Lear, ultimately serving as executive vice president, where he was responsible for corporate development and strategy. He later held the positions of co-chairman and co-CEO of Federal Mogul Holdings Corporation, a supplier of powertrain, chassis, sealing, brake, and other automotive components, prior to its sale to Tenneco.

While with Icahn Enterprises, Ninivaggi oversaw its automotive aftermarket service network and parts distribution businesses.

He currently serves as the chairman of Garrett Motion, a supplier of turbochargers and other propulsion products.

“I believe the demand for full-size electric pickup trucks will be strong and the Endurance truck, with its innovative wheel hub motor design, has the opportunity to capture a meaningful share of the market,” Ninivaggi said in a prepared statement. “With an absolute focus on execution, I look forward to working with the talented Lordstown management team, our suppliers and other partners to bring the Endurance to market and maximize the value of our assets.”

Ninivaggi is a graduate of Stanford University School of Law, the University of Chicago Graduate School of Business and Columbia University.

Source: Lordstown