Workhorse names Jody Davis CFO as Bob Ginnan retires
Davis has 15 years experience in financial leadership
Workhorse Group appointed Jody Davis chief financial officer, succeeding Bob Ginnan, who is retiring, the electric commercial vehicle manufacturer announced July 13.
Davis brings about 15 years of finance leadership experience across manufacturing, energy storage, aerospace and technology companies, according to the release. His background includes capital formation, treasury, financial planning and analysis, and developing financial infrastructure for capital-intensive businesses transitioning into commercial production.
Before joining Workhorse, Davis served as vice president of strategic finance at Unimacts. He previously was CFO of hybrid-electric aircraft developer Evio, formerly EOS Aircraft, and was a founding team member and CFO of Our Next Energy, a Michigan-based battery technology company.
At Our Next Energy, Davis helped the company expand from the pre-seed stage into production and grow to about 500 employees, according to the release. His responsibilities included capital formation, debt financing, investor diligence, treasury and manufacturing scale-up.
Workhorse said Davis will focus on securing growth capital, strengthening relationships with analysts and institutional investors, and supporting cost reductions for the company’s W56 and next-generation Class 5 and Class 6 electric vehicle platforms, according to the release.
Ginnan was Workhorse’s CFO since January 2022. During his tenure, he helped oversee capital raises, a divestiture and the company’s merger with Motiv Electric Trucks.
Workhorse manufactures electric trucks, step vans, shuttles and buses at its commercial-scale facility in Union City, Ind., according to the release.
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