Hyzon Motors (NASDAQ:HYZN) said Wednesday night that Craig Knight will depart as President and CEO effective immediately, to be replaced by Parker Meeks on an interim basis as it initiates a search to identify potential external and internal candidates for the positions.
Meeks has been Hyzon's (HYZN) Chief Strategy Officer since June 2021, after previously serving for three years as infrastructure sector president for TRC Companies, and as a partner at McKinsey & Company.
George Gu will transition from his executive role with the company to non-executive Chairman.
Hyzon Motors (HYZN) shares have slumped to record lows in recent days after the board appointed an independent committee to investigate issues regarding revenue recognition timing and internal controls and procedures.
The company also received notice from Nasdaq that it is out of listing compliance because it has not filed Form 10-Q for the June quarter.