Microvast Holdings, Inc. (NASDAQ: MVST) has named Rodney Worthen as its Interim Chief Financial Officer, effective 7 August 2025. Worthen will also continue in his role as Vice President of Corporate Strategy while the company searches for a permanent CFO.
About Rodney Worthen
Rodney Worthen joined Microvast in June 2023 and has quickly taken on key leadership positions.
Career at Microvast:
- Vice President of Corporate Strategy (current)
- Vice President of Corporate Finance
- Head of FP&A and Investor Relations
- Director of Investor Relations and FP&A
Previous Experience:
- Director of Finance at Killam Holdings Company, one of Canada’s largest residential real estate investment trusts
- Multiple roles in M&A, financial planning, and engineering at both public and private energy companies
Education:
- BSc Mechanical Engineering – University of Central Oklahoma
- MSc Engineering – University of Oklahoma
- MSc Finance & MBA – Auburn University
Market Reaction and Leadership Stability
The appointment of Rodney Worthen as Interim CFO came after market hours — on the same day Microvast announced the date for its long-awaited Q2 2025 earnings call, giving investors less than two trading days’ notice. MVST shares rose approximately 7% during the trading day in response to the earnings announcement, signaling growing investor confidence after the recent pullback in share price.
Shareholders, long vocal about the lack of public relations (PR) and investor relations (IR) transparency, will likely welcome Worthen’s IR background as a hopeful sign of more open communication ahead. His naming follows the sudden departure of Carl T. (“Pat”) Schultz on July 29, 2025, with no reason disclosed, and marks the fourth CFO change in just over a year — a turnover rate that has attracted investor attention.
With earnings set to be released after hours this coming Monday, the timing of Worthen’s appointment is well-timed to support the company’s messaging during a crucial period.