Electric vehicle startup Lordstown Motors names new CEO following Foxconn deal

Electric vehicle startup Lordstown Motors said Tuesday that its president, Edward Hightower, will be its new CEO, effective immediately. He succeeds Daniel Ninivaggi, who moves into a strategic role as the company’s executive chairman.

Hightower, a veteran engineer with past experience at Ford Motor and General Motors, will continue to lead the company’s joint venture with Taiwanese contract manufacturer Foxconn, which bought Lordstown’s Ohio factory for $230 million in May. The joint venture plans to design and develop EVs, which will be manufactured by…