1. Keefer Lehner appointed CFO, succeeding Paul Dobson effective January 12, 2026. 2. Lehner has 20 years of financial and operational experience in growth scaling. 3. EVgo aims for continued growth and profitability in EV charging infrastructure. 4. 2025 guidance totals revenue up to $405 million, focusing on operational improvements. 5. Leadership transition facilitated for strategic priorities and sustainable growth.
FAQ
Why Bullish?
The appointment of an experienced CFO like Lehner signals strong leadership continuity, which is crucial for EVgo's growth strategy. Historical examples show that experienced management can positively influence stock performance, particularly in growth sectors.
How important is it?
This article outlines a key leadership change at EVgo that is likely to influence its strategic direction and operational effectiveness, affecting investor sentiment and market performance.
Why Long Term?
Lehner's strategic financial experience will focus on sustainable profitability, essential for long-term investor confidence. Effective leadership transitions often positively affect market perceptions over time.
EVgo Appoints New Chief Financial Officer
LOS ANGELES, December 11, 2025 – EVgo Inc. (NASDAQ: EVGO), a leader in the public fast charging network for electric vehicles (EVs), has announced the appointment of Keefer Lehner as Chief Financial Officer (CFO), effective January 12, 2026. This transition comes as current CFO Paul Dobson retires. Dobson will assist in ensuring a smooth leadership transition through March 2026.
Leadership Transition at EVgo
Keefer Lehner brings nearly 20 years of extensive experience in finance and operations, making him a pivotal addition to EVgo during this high-growth phase. Previously, Lehner served as CFO of KLX Energy Services, where he spearheaded growth initiatives aimed at boosting EBITDA and free cash flow. His prior role as co-founder and CFO of Quintana Energy Services involved significant contributions to the company’s IPO and capital allocation strategies.
“Keefer brings significant experience in developing financial and operational strategies to enable growth and scale profitability,” said Badar Khan, CEO of EVgo. “His ability to scale businesses will be essential as we accelerate our nationwide EV charging infrastructure buildout.”
Continued Financial Commitment and Guidance
In conjunction with leadership changes, EVgo has reiterated its 2025 financial guidance provided on November 10. The company projects:
- Total Revenue: $350 - $365 million
- Ancillary Upside: Up to $40 million
- Total Revenue with Ancillary Upside: $350 - $405 million
- Adjusted EBITDA: $(15) - $(8) million
- Adjusted EBITDA with Ancillary Upside: $(15) - $23 million
EVgo defines Adjusted EBITDA as EBITDA plus various items that management perceives as non-operational and not indicative of ongoing performance.
Keefer Lehner’s Background and Vision
Keefer Lehner has held various leadership roles in the finance sector, including significant positions in investment banking, where he managed mergers and acquisitions for energy-focused clients. He earned a bachelor’s degree in finance from Villanova University.
Expressing enthusiasm about his appointment, Lehner stated, “With a strong financial foundation and clear strategic priorities, EVgo is well-positioned to achieve profitability and long-term value.”
About EVgo
EVgo (NASDAQ: EVGO) operates one of the largest public fast charging networks in the U.S., with over 1,100 fast charging stations across 47 states. The company partners with many businesses, including retailers and grocery chains, to expand charging access nationwide. EVgo is committed to advancing the EV charging industry through innovative technologies and collaborations.
Forward-Looking Statements
This announcement contains forward-looking statements regarding EVgo’s operational growth, financial outlook, and the efficacy of its leadership transitions. These projections involve risks and uncertainties that are outlined in the company's filings with the SEC. For more information on EVgo’s performance and updates, please visit www.evgo.com.