Nikola Announces Leadership Succession; Michael Lohscheller to Become CEO

Lohscheller will assume Russell's President title and join the Nikola Board of Directors effective immediately and become CEO upon Russell's retirement. Forward Looking StatementsCertain statements included in this press release that are not historical facts are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the anticipated benefits of Mr. Lohscheller's appointment as President of Nikola. We cannot assure you that forward looking statements will be achieved and forward-looking statements are not predictions of actual performance. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.