Envirotech Vehicles selects new exec amid distorted finances
EV maker Envirotech Vehicles of Osceola announced the appointment of a new chief financial officer Wednesday, about two weeks after the company disclosed it misstated money matters to the U.S. Securities and Exchange Commission.
What's happening: Douglas Campoli, the new CFO, comes from Arcimoto, an Oregon-based maker of three-wheeled EVs.
- Franklin Lim, also from Arcimoto, has been appointed company controller.
- Envirotech didn't specify when it would file amended financial reports but said it is diligently working on them.
The company hasn’t filed quarterly results since the third quarter of 2022, when it reported its first quarterly profit of $3.9 million, up from $709,092 from the previous year.
- There is no word on when that deal might close.
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