EV startup Canoo names board member Greg Ethridge as CFO

Canoo

28/08/2023 13:41

Aug 28 (Reuters) - Electric-vehicle startup Canoo
 GOEV.O  on Monday named board member Greg Ethridge as its chief
financial officer, succeeding Ken Manget.
    The company, whose shares have fallen 57% so far this year,
said this move was effective immediately.
    Ethridge has agreed to resign from Canoo's board of
directors, a position he has held since 2020, by the end of the
year.
    Manget was appointed as the finance chief earlier this year.
The company, however, did not disclose any reason for Manget's
exit from the role.
    Canoo has contracts with the U.S. Defense Department for
supply of advanced battery packs, Walmart  WMT.N  and National
Aeronautics and Space Administration (NASA) for supplying
electric vehicles.
    Earlier this month, the company had posted a
smaller-than-expected quarterly loss on lower research and
development costs.

 (Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi
Majumdar)
 ((Jaspreet.Singh@thomsonreuters.com; https://twitter.com/i_jass;))