Fisker nyse Fsr Stock Takes Hit As New Senior Vp Takes the Helm

Fisker (NYSE: FSR) Stock Takes Hit as New Senior VP Takes the Helm

Fisker Inc. (NYSE: FSR) stock fell more than 2% on Thursday following the appointment of a new Senior Vice President tasked with overseeing digital transformation within the company.

Fisker Inc. (FSR) has made a significant executive appointment, welcoming Saydulu Kolasani as the new Senior Vice President of Enterprise, Digital Operations, and Transformation. Kolasani, a veteran with 20+ years in digital transformation and IT leadership, will report directly to Henrik Fisker, the Chairman and CEO of Fisker.

In his capacity, Kolasani will oversee Fisker’s technology infrastructure, cybersecurity measures, digital platforms, enterprise systems, and architectural frameworks. He will also manage the company’s data and operations, including vital facets such as Product Management, the Program Management Office (PMO), and the overarching enterprise digital and technology strategy.

Henrik Fisker has expressed his optimism and excitement regarding Kolasani’s appointment, emphasizing the invaluable contribution he will make during Fisker’s forthcoming growth phase. Fisker commends Kolasani’s extensive experience and aptitude, highlighting his potential to refine the company’s innovations, enhance software capabilities within their vehicles, and streamline business operations.

Fisker Inc. is currently delivering its all-electric Ocean SUV, now available in the US, Canada, and Europe. The Ocean SUV stands out with its impressive EPA range of up to 360 miles, the longest in its class. The vehicle is eco-friendly, made with recycled and bio-based materials, produced in a carbon-neutral facility, and features rooftop solar panels.

Fisker (NYSE: FSR) Stock Price Action

FSR stock declined 2.42% to close at $0.40 on Thursday. The traders had exchanged hands with 56,042,582 (56.04 million) shares compared to the average daily trading volume of 49.55 million.