Former Forward Air CEO Tom Schmitt joins Nikola

FreightWaves08-30

Tom Schmitt joins Nikola after an abrupt departure from Forward Air. (Photo: Nikola) Zero-emissions truck manufacturer Nikola Corp. said it has hired former Forward Air CEO Tom Schmitt as its chief...

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(Photo: Nikola)\n \n\nZero-emissions truck manufacturer Nikola Corp. said it has hired former Forward Air CEO Tom Schmitt as its chief...</p>\n\n<a href=\"https://finance.yahoo.com/news/former-forward-air-ceo-tom-005553456.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4559","symbol_name":"巴菲特持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/former-forward-air-ceo-tom-005553456.html","article_id":"2463247914","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LlhvBOX9J01FrO_2_GLtlA--~B/aD02MDk7dz0xMDgyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/freightwaves_373/a4d43201caf8e3e49df923c5d76a0d24"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463247914","pubTimestamp":1724979353,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Tom Schmitt joins Nikola after an abrupt departure from Forward Air. . Zero-emissions truck manufacturer Nikola Corp. said it has hired former Forward Air CEO Tom Schmitt as its chief commercial officer. Schmitt’s February departure from Forward Air came shortly after the company closed on an ill-conceived merger with Omni Logistics.Schmitt engineered the transaction, which pitted Forward as both capacity provider and competitor to some of its freight forwarding customers. The acquisition, which shareholders alleged subverted their consent, endured months of scrutiny from investors and analysts. Facing backlash on multiple fronts, Forward even tried to exit the deal to no avail.From the time the deal was announced in August of 2023 to a mid-May low, shares of the expedited trucking company fell nearly 90%.“I’ve been following Nikola for years, and it’s an honor to join this mission-driven organization with the sole goal of decarbonizing the trucking industry,” said Schmitt. “I look for","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4559":"巴菲特持仓","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","NKLA":"Nikola Corporation","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4588":"碎股","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4131":"航空货运与物流","BK4551":"寇图资本持仓","BK4574":"无人驾驶","GM":"通用汽车","BK4561":"索罗斯持仓","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4099":"汽车制造商","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","FWRD":"福沃运输","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","BK4562":"SPAC上市公司","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","BK4516":"特朗普概念","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4555":"新能源车","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","BK4566":"资本集团","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","BK4149":"建筑机械与重型卡车","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD"},"translate_title":"Forward Air前首席执行官汤姆·施密特(Tom Schmitt)加入尼古拉","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NKLA":1,"GM":1,"FWRD":1},"content_text":"Tom Schmitt joins Nikola after an abrupt departure from Forward Air. (Photo: Nikola)\n \n\nZero-emissions truck manufacturer Nikola Corp. said it has hired former Forward Air CEO Tom Schmitt as its chief commercial officer. Schmitt’s February departure from Forward Air came shortly after the company closed on an ill-conceived merger with Omni Logistics.\nSchmitt engineered the transaction, which pitted Forward as both capacity provider and competitor to some of its freight forwarding customers. The acquisition, which shareholders alleged subverted their consent, endured months of scrutiny from investors and analysts. Facing backlash on multiple fronts, Forward even tried to exit the deal to no avail.\nFrom the time the deal was announced in August of 2023 to a mid-May low, shares of the expedited trucking company fell nearly 90%.\nAt Nikola (NASDAQ: NKLA), which makes hydrogen-powered fuel cell trucks, Schmitt will be tasked with scaling the company’s business by overseeing “sales, commercial operations, dealerships, service, customer success, and marketing functions.”\n“Fortifying our commercial team is crucial to our success as we focus on our customers’ experience and expanding the zero-emission Class 8 marketplace,” said Steve Girsky, Nikola president and CEO, in a news release. “Tom brings a solid track record built over the past 35-plus years that will help drive forward Nikola’s strategic and operational goals, inside and out.”\nPrior to joining Forward in 2018, Schmitt was the chief commercial officer at DB Schenker. He is credited with transforming and executing the sale of Canadian natural spring water provider Aqua Terra in 2015. He has also served as CEO at Canadian parcel company Purolator and as the head of FedEx Supply Chain.\n“I’ve been following Nikola for years, and it’s an honor to join this mission-driven organization with the sole goal of decarbonizing the trucking industry,” said Schmitt. “I look forward to working with the passionate Nikola team in bringing that goal to fruition.”\nSchmitt joins Nikola as the company attempts to execute a financial turnaround following founder Trevor Milton’s fraud conviction. There have been several executive changes since Girsky, a former General Motors (NYSE: GM) vice chairman, arrived a year ago.\nMore FreightWaves articles by Todd Maiden\n\nJack Cooper LTL in talks to acquire Standard Forwarding\nCourt allows CBRE to sell Yellow’s remaining properties\nEstes acquires 7 leased terminals from Yellow\n\nThe post Former Forward Air CEO Tom Schmitt joins Nikola appeared first on FreightWaves.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463247914"}