Michael Lohscheller took the role of CEO at Nikola Corporation on November 3, 2022, coming from a strong automotive background. Before joining Nikola, he was the Global CEO of VinFast and held senior roles at major companies like Opel and...

Michael Lohscheller took the role of CEO at Nikola Corporation on November 3, 2022, coming from a strong automotive background. Before joining Nikola, he was the Global CEO of VinFast and held senior roles at major companies like Opel and Volkswagen. Lohscheller is equipped with a Master's degree in marketing management from Brunel University and a Bachelor's in business administration from Osnabrück University of Applied Sciences. He worked as President of the Nikola Motor division before stepping up as CEO, a position he held until August 2023. Under his leadership, he aimed to pivot Nikola towards the sustainable transport space, but he left as part of a leadership transition. Notably, Lohscheller participated in performance-based stock unit grants, aiming to align his success with the company's stockholder interests, demonstrating a focus on long-term growth. His previous insider trading activity reflected confidence in Nikola's stock, varying from millions in significant transactions that fluctuated widely during his time at the company. Lohscheller’s journey showcases his readiness to navigate the evolving automotive landscape, albeit with challenges that led to changes in leadership.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Gores Guggenheim, Inc. CEOs

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Michael Lohscheller

CEO of Gores Guggenheim, Inc.

Education

MBA from University of Barcelona

Field of Expertise

Manufacturing & Industrial - Automotive

Sector of Economy

Consumer Cyclical

Born

June 1, 1969 - 56 years ago

CEO of Gores Guggenheim, Inc. for

0 years 8 months (Oct 2024 - Present)

Previous Experience

CEO of Opel and VinFast

Rivals

Competitors/colleagues of Michael Lohscheller

Holdings

See how much did Michael Lohscheller make over time.

Throughout his tenure at Nikola, Michael Lohscheller's insider trading activity revealed significant confidence in the company's future. Notable transactions included selling shares worth $4.29 million in August 2022 and $4.10 million in September 2022, showing he believed in the company's...

Throughout his tenure at Nikola, Michael Lohscheller's insider trading activity revealed significant confidence in the company's future. Notable transactions included selling shares worth $4.29 million in August 2022 and $4.10 million in September 2022, showing he believed in the company's potential during a critical phase. The values of his sales fluctuated significantly in the months following his appointment; ranging from around $1.45 million in March 2023 to smaller amounts like $676K by December 2023. His most substantial activity occurred before he left the CEO position, illustrating a strategic approach to managing his holdings. Lohscheller's stock trades paint a picture of a leader who was keenly aware of the market response to his leadership and the company's performance. After resigning from the CEO role, he still held notable shares in Nikola, allowing him to stay connected to the company's future.

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Total Stock Sold

$8.88M

NKLA

$8.88M

3,894.033 NKLA shares

What if they kept their stock?

If Michael Lohscheller didn't sell their stock, today they would have:
Extra NKLA3,894.033 shares worth $3.94M.
This is -55.58% and $4.93M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael Lohscheller.

NKLA

$135.07K

NKLA at $1.96/share

Aug 10, 2023

Sale

NKLA

$58.85K

NKLA at $2.11/share

Mar 6, 2023

Sale

NKLA

$101.58K

NKLA at $5.09/share

Sep 7, 2022

Sale

NKLA

511,400 shares

NKLA

Aug 15, 2022

Received

NKLA

385,620 shares

NKLA

Apr 28, 2022

Received

Compensation History

See how much did Michael Lohscheller make over time.

In 2023, Michael Lohscheller earned a total compensation of about $2.01 million at Nikola Corporation. His base salary was $621,154, and he decided not to opt for a cash bonus that year, choosing instead to focus on long-term incentives through stock grants. The year before, in 2022, his total compensation was higher at approximately $4.75 million, benefiting from various stock awards. He was granted performance stock units for up to 1 million shares, tying part of his potential earnings to the success of the company. Lohscheller's compensation structure aimed to align his interests with those of investors, focusing less on short-term gains and more on the company's long-term achievements. This reflects a compensation strategy designed to attract and retain top talent in a competitive industry.

Year

2023

Total Compensation

$635.37K

Salary

$621.15K

Board Justification

Nikola's compensation program is designed to attract and retain highly qualified executives, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$0.00

Board Justification

No annual cash bonus program was participated in by Mr. Lohscheller for 2023.

Other

$14.22K

Board Justification

This includes company matching contributions to the 401(k) plan and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as Mr. Lohscheller departed the company in August 2023.

Performance Metrics

Compensation is tied to long-term performance metrics, including total stockholder return relative to peers.

Other Gores Guggenheim, Inc. CEOs

Here are other CEOs of Gores Guggenheim, Inc.

Thomas Ingenlath

Ex-CEO of Gores Guggenheim, Inc.

June 2022 - September 2024