Nikola Jumps After Hiring General Motors, Dell Veteran Mary Chan

Shares of Nikola rose as much as 37% Monday after the company tapped former General Motors president Mary Chan as its new COO.

Photographer: Andreas Gebert/Bloomberg
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Nikola Corp. rose as much as 37% Monday after the company appointed former General Motors Co. president Mary Chan as its new chief operating officer.

The hire comes a month after Nikola Chairman Steve Girsky, another GM veteran, was appointed chief executive officer in an attempt to turn the troubled electric trucking company around.