ELMS - Electric Last Mile Solutions names Shauna McIntyre as interim CEO
Electric Last Mile Solutions (NASDAQ:ELMS) has announced leadership changes, with Board member Shauna McIntyre to take helm as interim CEO and President. McIntyre has over 25 years of experience working with automotive OEMs. Most recently, she served as President of Ouster Automotive. In her new role, McIntyre succeeds James Taylor, who has resigned from his role as CEO and a member of the Board. Additionally, Brian Krzanich, ELMS Board Member and CEO of CDK Global, has been elected as Non-Executive Chairman of the Board, replacing Jason Luo, who has also resigned from his position as Executive Chairman of the Board. The departures follow an investigation conducted by a Special Committee of the Board of Directors, which found that in November and December 2020 certain company executives purchased equity in the firm at substantial discounts to market value without obtaining an independent valuation. Mr. Taylor purchased equity in these transactions, while
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Electric Last Mile Solutions names Shauna McIntyre as interim CEO