Former Icahn Enterprises chief to lead struggling Lordstown

Lordstown Motors has named Daniel Ninivaggi as its new CEO as it looks to begin limited production of its electric pickup truck next month

The former chief executive of Icahn Enterprises will take over at Lordstown Motors two months after the former CEO and chief financial officer stepped down amid doubts over the number of orders placed for the electric truck startup's marquee vehicle. Daniel Ninivaggi was named CEO Thursday as the Ohio company nears the start of limited production of its Endurance vehicle next month. Ninivaggi, who will also serve as a board member, has also worked at Lear Corp. and Federal Mogul Holdings Corp. Shares, which have fallen more than 70% this year on those questions about orders, spiked nearly 20% before the opening bell Thursday.