Electric-car charging company EVgo Inc. said Chief Executive Officer Cathy Zoi will retire in November and be succeeded by board member Badar Khan.
Zoi, who has led EVgo since 2017, plans to retire around Nov. 9 and will continue advising the company through the end of the year, Los Angeles-based EVgo said Wednesday. Khan joined the board last year after five years at utility giant National Grid Plc.
“I’m absolutely confident that EVgo will be in extremely capable hands,” Zoi said on the company’s second-quarter earnings call. Khan “embodies the energy and vision that will take this company far.”
The change comes as deployment of public EV-charging stations finally accelerates after years of slow growth. EVgo reported $50.6 million of second-quarter revenue Wednesday, more than five times what it generated in the same period last year.
Author: David R. Baker
