Canoo, an electric vehicle company previously known as Evelozcity, has been hinting that they might soon reveal new plans for their electric cars. Despite these preparations, including recent employee growth, the company also recently announced that their CEO will be stepping down.
Stefan Krause, a former executive at BMW, is stepping away from the CEO role for “personal reasons,” according to the company. Canoo’s CTO, fellow Co-Founder and former BMW Executive Ulrich Kranz, will run the company in his absence. Krause will still help the company fund raise while being absent from the company’s day-to-day operations. Canoo declined to offer any additional information about Krause’s leave.
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