Stephen J. Girsky

President and CEO at NKLA

Board

Since August 2023

Age

61 years

Education

Holds a Bachelor of Science in Mathematics from UCLA and an MBA from Harvard Business School.

Tenure

Joined NKLA as a board member in January 2018 and assumed the role of President and CEO in August 2023, including a brief stint as Acting CFO from February 2024 to March 2024.

Also at NKLA

BMW

Britton M. Worthen

Chief Legal Officer and Secretary

DOH

Dirk Ole Hoefelmann

President of Energy

MSC

Mary S. Chan

Chief Operating Officer

About

Stephen J. Girsky is a seasoned executive with a robust background in finance, automotive leadership, and corporate governance. Over the course of his career, he held senior roles at prominent institutions such as Morgan Stanley and General Motors, where he contributed to pivotal strategies including electrification and global product planning.

With a diverse international career, he served as Vice Chairman at GM and later led VectoIQ Acquisition Corp as President, CEO, and Managing Director. His extensive experience has been marked by strategic decision-making, which in part laid the groundwork for his transition into the zero-emissions transportation sector.

Since joining NKLA, his leadership has been instrumental in shaping the company’s innovative approach to energy solutions and sustainable transportation. His career reflects a blend of technical expertise and executive insight, making him a driving force behind NKLA’s evolving strategy and operational excellence.

$NKLA Performance Under Stephen J. Girsky

Past Roles

Organization	Role	Date Range	Details
Nikola Corporation	Acting Chief Financial Officer	February 2024 - March 2024	Interim role ended after the period
Nikola Corporation	Chairman of the Board	September 20, 2020 - August 4, 2023	Position ended upon appointment as President and CEO
Nikola Corporation	Member of the Board of Directors	January 2018 - August 2023	Service concluded with transition to President and CEO
VectoIQ Acquisition Corp.	President, CEO & Managing Director	January 2018 - June 2020	Predecessor company to Nikola Corporation
General Motors Company	Vice Chairman	November 2009 - July 2014	Oversaw global strategy, new business development, and more
General Motors Company	Board Member	June 2009 - June 2016	Served on GM’s board of directors
Centerbridge Industrial Partners	President of Affiliate	N/A	Led the affiliate of Centerbridge Partners, LP
Morgan Stanley	Managing Director and Senior Analyst	N/A	Worked on the Global Automotive and Auto Parts Research Team
U.S. Steel Corporation	Board Member	April 2016 - April 2021	Served as a board director

External Roles

Organization	Role	Date Range	Details
VectoIQ, LLC	Managing Partner	N/A	Independent advisory and investment firm based in New York
Brookfield Business Partners Limited	Board Member	N/A	General partner of Brookfield Business Partners, L.P. (NYSE: BBU; TSX BBU.UN)
Viaduct	Board Member	N/A	Software company that enables a machine learning platform to empower OEMs

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Annual Salary	$1,000,000	Annual (Effective from August 4, 2023)	Fixed base salary for the role as President and CEO
Restricted Stock Units (RSUs)	550,000 RSUs <br>Grant Date Fair Value: $1,867,250 <br>Market Value (Dec 31, 2023): $481,250	Vesting in equal annual installments over two years	Granted on August 3, 2023; vests subject to continuous employment through August 3, 2025; calculated under ASC 718

Performance Compensation

Data from FY 2023

Performance Share Units (PSUs)

Metric [Unit]	2023 Data
Grant Date	August 3, 2023
Threshold Units	500,000
Target Units	1,000,000
Maximum Units	2,000,000
Grant Date Fair Value	$5,910,000
Performance Period	April 23, 2023 – December 31, 2025
Vesting Schedule	Vests on December 31, 2025 based on TSR performance
Vesting Multiplier	0% to 200% of target units based on TSR ranking