Electric vehicle-maker Canoo Inc. said Wednesday its president is stepping down and will now serve as an advisor to the company's CEO.
The company with manufacturing operations in Oklahoma said Wednesday in a release that its President Josette Sheeran and Rainer Schmueckle both resigned from Canoo's board of directors. Sheeran was named president in July 2021.
"I look forward to continuing working with Josette in her new role as strategic advisor to the CEO. Josette was instrumental in the re-founding of Canoo, our government partnerships such as with the State of Oklahoma, and our selection by NASA to provide the Crew Transportation Vehicles for the Artemis launches," Canoo's Chief Executive Officer and Executive Chairman Tony Aquila said in a release.
Deborah Diaz, former chief technology officer at NASA and chief information officer for science and technology at the U.S. Department of Homeland Security will join the board, along with James Chena, shareholder at the law firm of Babst, Calland, Clements and Zomnir in the firm's transportation technology and energy practice, according to a release.
Canoo has yet to post a profitable quarter or meaningful revenue as it tries to bring its vehicles to market at scale.