Canoo co-founder and CEO resigns, new chairman takes over

The new executive chairman of electric vehicle startup Canoo, Tony Aquila, has taken over the role of CEO at the company. Existing CEO and co-founder Ulrich Kranz is resigning and so is Canoo’s chief lawyer, Andrew Wolstan. It’s another major shake-up for the startup, which just became a publicly traded company as part of a merger with a special purpose acquisition company (SPAC).

The departure of Kranz and Wolstan comes just weeks after Canoo’s chief financial officer resigned, and it lost its head of corporate strategy. The startup’s head of powertrain development and another one of the people who helped found Canoo in late 2017, Phil Weicker, also left at the beginning of this year, The Verge has learned.

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