ElectraMeccanica names Stephen Johnston CFO

ElectraMeccanica Vehicles announced that its CFO, Mark Orsmond will be succeeded, effective immediately, by Stephen Johnston. Orsmond’s departure reflects a mutually-agreed transition and allows the outgoing CFO to pursue other interests, while leaving the company’s financial reporting, cost controls and balance sheet in superior condition. Stephen Johnston, with whom Orsmond, ElectraMeccanica’s Board and the rest of its management team have been working in a consulting role since June, 2023, now will take on the business’s CFO responsibilities. Orsmond will continue to assist the company with Johnston’s onboarding under a 60-day consulting agreement. “Mark has been a tremendous asset to the Company and our team since I came on board as CEO last December,” said Susan E. Docherty, Chief Executive Officer of ElectraMeccanica. “He joined ElectraMeccanica under its prior management team, and we appreciated his institutional knowledge and eye for highly professionalized financial reporting and cost management. We’re extremely grateful for his contributions, and for his willingness to assist with Stephen’s onboarding. We wish him and his family the best in their next chapter.”