The founder and first CEO of EV startup Canoo is leaving, the company has confirmed to The Verge. Stefan Krause, the former chief financial officer at both BMW and Deutsche Bank, is stepping down as chairman after shifting away from the CEO role last year. Krause is leaving ahead of the anticipated launch of his EV startup’s first vehicle, which is slated to happen in 2021.
“Stefan has decided to formally leave his official duties with Canoo in order to pursue other opportunities,” the company said in a statement to The Verge. “We are grateful to Stefan for the invaluable role he played in shaping our young company. Though he’ll always be around, we wish him best of luck in his new endeavors.” Krause declined to comment.