Henrik Fisker resigns from Fisker Automotive due to conflict with other executives

Article by Christian Andrei, on March 15, 2013

A conflict with other executives caused the resignation of Henrik Fisker, a former BMW designer and a co-founder of Fisker Automotive. Henrik Fisker was the executive chairman of the plug-in hybrid car maker for slightly more than a year. In an e-mail, he revealed that he is mainly leaving because of "several major disagreements" with "Fisker Automotive executive management on the business strategy."

Since last summer, Fisker hasn’t built one car. It badly requires capital to be able to launch a new model. Talks between Fisker Automotive and Chinese investors have been ongoing but so far, there has been no confirmation of a deal.

This move signals the end of Fisker’s dream of establishing his own auto company. Fisker was formerly a top design executive for BMW, Ford Motor Co. and Aston Martin before he started the company in 2007.

When asked about Fisker’s resignation, Tony Posawatz, who was named president and CEO of the company last August, said that he knew about it just recently. Posawatz had formerly served as the vehicle line director for the Chevrolet Volt plug-in hybrid.

Posawatz also said that the company is still in serious talks with Chinese holding group, Zhejiang Geely, the owner of Volvo. Zhejiang is leading the bidding to take over Fisker Automotive.

The company had released a statement in response to the resignation, saying that Henrik Fisker’s “presence and influence” continue to be a part of the company and that frequently, changes such as this contribute to the growth of the entrepreneur and its projects.

Topics: fisker

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