Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Read Why Volta Shares Are Plunging Today

Board VLTA NYSE Volta Inc
  • Volta Inc (NYSE:VLTA) said that Founder Scott Mercer has resigned as Chief Executive Officer (CEO).
  • Mercer will serve the transitional period and will be an advisor to the Board through March 31, 2023, and assist the Board in a search for a new CEO.
  • He has also resigned from the Board, effective immediately.
  • The Board has appointed independent directors Vince Cubbage and Kathy Savitt as the Board's Co-Chairs.
  • The company plans to keep the CEO, and Board Chair roles separate going forward.
  • In addition, Co-Founder and President Chris Wendel has also resigned from the company and the Board, effective immediately.
  • Price Action: VLTA shares are trading lower by 18.2% at $3.38 on the last check Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
“Who’s The One Actor That You Hate But Everyone Else Seems To Love?” (50 Answers)
No matter how popular they are, most celebrities have haters, too. Actors are no exception. The post “Who’s The One Actor That You Hate But Everyone Else Seems To Love?” (50 Answers) first appeared on Bored Panda.
Bored Panda
Bored Panda
Cher Reveals the "Fiasco" That Ensued When She Performed for Princess Margaret in 1965: "I Was Mortified"
"It was like a bad dream that we couldn’t get out of; we just had to stand there and wait for it to be over."
Marie Claire
Marie Claire
From frozen to feast, how to safely defrost your Thanksgiving turkey
Experts have recommended three different methods to defrost your turkey for Thanksgiving dinner
The Independent UK
The Independent UK
“One of the most important guitars in rock and roll history”: George Harrison’s Futurama smashes auction estimate and sets a new record with staggering $1.27 million sale
The oddball electric – which was used during the Beatles’ early years, and saw action in over 300 historic shows – becomes the most expensive electric guitar formerly owned by a Beatle to sell at auction
Guitar World
Guitar World
Keke Palmer: I'm living life on my own terms
Keke Palmer has revealed that she feels proud to be living life "on [her] own terms".
BANG Premier
BANG Premier
Crypto entrepreneur Justin Sun buys $6 million banana—and plans to eat it unless Elon Musk wants to send it to space
Sun outbid six others for the iconic work.
Fortune
Fortune
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play