Nikola (NKLA) Announces Board Changes

Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced that Sophia Jin will be completing her three-year term on Nikola's Board of Directors and will be retiring from the Board after this year's annual meeting in June. Jin has been a valued member, serving on the Board's audit committee during that time.

Jin is currently senior director of venture investments of Hanwha Holdings, a stage-agnostic investor representing Hanwha Corporation, since January 2019, and was director of venture investment of Hanwha Holdings from January 2018 to December 2018.

"I am grateful for my opportunity to serve on the Nikola Board and am proud of what has been accomplished during that time. I remain confident in Nikola's future and am excited to see the company execute on its groundbreaking business plan," Jin shared.

Jin's departure does not affect the ongoing strategic relationship between Nikola and Hanwha as both continue to have mutual confidence in the vision to move a zero-emissions future forward.

"On behalf of the Board, I want to thank Sophia for her commitment and support to advance Nikola's vision forward over these past three years," said Nikola Chairman of the Board Stephen Girsky.

Nikola does not intend to replace Jin's position, and will decrease the size of its board from ten to nine.

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