Management ChangeJul 13, 2026, 05:06 PM
Workhorse Appoints Jody Davis as CFO; Robert Ginnan Departs
AI Summary
Workhorse Group Inc. announced the appointment of Jody Davis as its new Chief Financial Officer, effective July 13, 2026. Robert M. Ginnan, the previous CFO, departed on the same date as part of a pre-agreed arrangement related to the Motiv Power Systems acquisition, and will assist with the transition until July 17, 2026. The company also appointed Lindsay A. Barnes as Chief Accounting Officer, effective immediately. Mr. Davis brings over fifteen years of finance experience, including roles at Unimacts Global and EVIO, Inc., and will receive an annual base salary of $375,000 and an equity grant.
Key Highlights
- Jody Davis appointed Chief Financial Officer (Principal Financial Officer), effective July 13, 2026.
- Robert M. Ginnan ceased serving as CFO on July 13, 2026, and will remain employed until July 17, 2026, for transition.
- Mr. Ginnan is eligible for severance benefits as per his amended employment agreement.
- Jody Davis's initial base salary is $375,000 per year, with a target bonus of 50% of base salary.
- Mr. Davis will receive an inducement grant of restricted stock units representing 93,750 shares.
- Lindsay A. Barnes appointed Chief Accounting Officer (Principal Accounting Officer), effective July 13, 2026.
- Ms. Barnes previously served as the Company’s VP, Corporate Controller since November 2025.
Price Impact
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