ElectraMeccanica Vehicles Corp. announced that its CFO, Mark Orsmond will be succeeded, effective immediately, by Stephen Johnston. Orsmond?s departure reflects a mutually-agreed transition and allows the outgoing CFO to pursue other interests, while leaving the Company?s financial reporting, cost controls and balance sheet in superior condition.

Stephen Johnston, with whom Orsmond, ElectraMeccanica?s Board and the rest of its management team have been working in a consulting role since June, 2023, now will take on the business?s CFO responsibilities. Mr. Orsmond will continue to assist the Company with Johnston?s onboarding under a 60-day consulting agreement. Mr. Johnston most recently served as the CFO for Ideanomics, a high growth international manufacturer of two- and four-wheeled electric vehicles with operating subsidiaries in seven countries including the US, China and Italy, where he was responsible for acquisition integration as well as streamlining its financial reporting operations.

Prior to that, he held CFO positions at Dura Automotive and the North American division of Tower Automotive, Tier-1 auto-industry OEM?s. He began his career at KPMG, where he ultimately became a partner focusing on materials and manufacturing for the transportation, automotive, automation, metals and engineered products sectors.