Fisker switches up its CEO, again


Updated: Fisker is bringing in another new CEO: former Volt executive Tony Posawatz. Former CEO Tom LaSorda only came on in February — about 6 months ago — replacing founder Henrik Fisker. Tom LaSorda won’t stay on in an executive role, but he said on a call that he will help advise the new team.

Fisker also announced other new management changes including bringing on Joseph Chao as CEO of China and Asia, and Alberto Gonzalez as Vice President of Manufacturing. In recent months Fisker has also brought on Jim Yost as CFO, Barny Koehler as Co-Founder and Chief Business Development Officer, and Richard Beattie as Chief Commercial Officer.

Fisker needs to do something to try to achieve its goals, and ultimately survive. The CEO change comes on the heels of reports about a Fisker Karma that set on fire as well as various reviews that have chronicled software problems with the Karmas. The launch of the Karma was also delayed by months, and battery technology made by A123 Systems had to be fixed in some models.

Fisker execs said on the call this afternoon that Posawatz’s main job is to get Fisker’s second car the Atlantic (formerly called the Nina) to market with a second generation power train.

I’ve heard a rumor that Fisker is raising even more money, and that the funding is coming at a down round. I haven’t confirmed that, and Fisker didn’t return comments on that, but I will update this if they respond. Fisker has already raised around $1 billion in private funding from hundreds of investors, some of that funding brokered by Advanced Equities. Fisker in its release today called Kleiner Perkins investor Ray Lane, “its largest investor.”

Update: Lane tells the San Jose Mercury that Fisker is “actively raising money.”

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