Image: Canoo
Automotive startup Canoo (formerly known as Evelozcity) is teasing the designs of its planned electric vehicles, and it has spent the last few months staffing up as it moves closer to production in 2021. But the startup will take the next few steps in that process without its CEO, the company tells The Verge.
Stefan Krause, a former executive at BMW, is stepping away from the CEO role for “personal reasons,” according to the company. Canoo’s CTO, fellow co-founder and former BMW executive Ulrich Kranz, will run the company in his absence. Krause will still help the company fundraise while being absent from the company’s day-to-day operations. Canoo declined to offer any additional information about Krause’s leave.