EV maker Nikola rejects convicted founder Trevor Milton's plan to add 5 board members
NKLANikola(NKLA) Market Watch·2024-02-09 22:23

Nikola Corp. said Friday that it has rejected the five “dissident” nominees to its eight-member board of directors — nominees proposed by M&M Residual LLC, the entity of the founder of the hydrogen- and electric-truck maker Trevor Milton. “The director nominees have no public company experience, add no skills or experience to the board, and indisputably lack the depth of experience that the current Nikola board members bring to the company,” Nikola’s board said in a statement. Milton’s M&M Residual owns 51. ...