Friday, April 24, 2020

Faraday Future Appoints Former NV Lieutenant Gov To Board

Los Angeles-based electric car developer Faraday Future said on Thursday afternoon that it has added former Nevada Lieutenant Governor Brian Krolicki to the company's board. According to Faraday Future, the move will help it help bolster its leadership team, improve corporate governance, and secure funding for the planned delivery of its first ultra-luxury production vehicle (FF 91). Faraday Future had been planning on building a megaplant--now on hold--in Nevada. Before Korlicki's 24-year long political career, he had worked at Smith Barney and Bankers Trust Company. Faraday Future claims it will be able to kick off production of its first vehicle, the FF 91, approximately nine months after closing an successful equity funding.