Fisker’s Accounting Upgrade Boosts Stock amidst Financial Struggles

TLDR:

Fisker has appointed Angel Salinas as its new Chief Accounting Officer to address the company’s financial challenges and drive growth in 2024. Salinas, a former PwC Assurance Partner, brings over 20 years of experience to the role. The appointment comes as Fisker’s stock price continues to decline, hitting an all-time low of $1.16 per share. The company has been working to enhance its finance and accounting capabilities, hiring new senior leaders and implementing improved internal controls. Salinas will report to CFO Dr. Geeta Gupta-Fisker and will focus on managing the company’s rapid growth.

Key points:

• Fisker announces appointment of Angel Salinas as new Chief Accounting Officer
• Salinas, a former PwC Assurance Partner, brings over 20 years of experience
• Fisker has been enhancing its finance and accounting capabilities and improving internal controls
• The company’s stock price has dropped to an all-time low of $1.16 per share