Polestar announces Board and Management appointments
January 11 2024 - 4:05PM
Business Wire
Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish
electric performance car brand, announces appointments to its Board
of Directors and Management Team.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240111729731/en/
(Photo: Business Wire)
Winfried Vahland has been appointed to the Board as a new
director. Winfried was previously CEO and President of Volkswagen
Group China, Chairman of the Executive Board of Skoda Auto and a
Member of the Board of Volvo Cars. He is currently Member of the
Supervisory Board of Proton Holdings.
Håkan Samuelsson, Chairman of Polestar’s Board of Directors,
says: “I’m delighted to welcome Winfried to the Board. The company
will benefit from his significant automotive industry experience
and track-record of delivering profitable growth through a
combination of successful business and product portfolio
development.”
Per Ansgar has been appointed Chief Financial Officer (CFO). Per
joins Polestar on a transitional basis, while a formal search is
undertaken. He brings close to 30 years of experience from senior
controlling and finance roles, including CFO of Geely Sweden
Holding, Deputy CFO of Volvo Cars and CFO of Volvo Cars China. He
will assume responsibilities from Johan Malmqvist.
Kristian Elvefors has been appointed Global Head of Sales.
Kristian has over 20 years of experience from senior commercial
roles in the automotive industry, most recently as Managing
Director of Volvo Cars in the UK and will assume responsibilities
from Mike Whittington.
Thomas Ingenlath, Polestar CEO, says: “I would like to thank
Johan and Mike for their many years of combined service and
commitment to Polestar – we all wish them well in the future. I am
delighted to welcome Per and Kristian to Polestar. Their combined
experience and skills will play a key role in delivering on our
business plan: securing profitable growth through our growing model
line-up and reaching cash flow breakeven in 2025.”
All three appointments are effective from 15 January 2024. Both
Johan and Mike are pursuing their careers outside of Polestar and
will remain with the company for a period of time, to help ensure a
smooth transition.
Forward-Looking Statements
This press release contains statements that are not historical
facts, but rather forward-looking statements within the meaning of
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include those that address activities,
events or developments that Polestar or its management believes or
anticipates may occur in the future. All forward-looking statements
are based upon, as applicable, our current expectations, various
assumptions and data available from third parties. Our expectations
and assumptions are expressed in good faith and we believe there is
a reasonable basis for them. However, there can be no assurance
that such forward-looking statements will materialize or prove to
be correct as forward-looking statements are inherently subject to
known and unknown risks, uncertainties and other factors which may
cause actual future results, performance or achievements to differ
materially from the future results, performance or achievements
expressed in or implied by such forward-looking statements.
Numerous risks, uncertainties and other factors may cause actual
results to differ materially from those set out in the
forward-looking statements, including those risks and uncertainties
set forth in the sections entitled “Risk Factors” and “Cautionary
Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F,
and other documents filed, or to be filed, with the U.S. Securities
and Exchange Commission by Polestar. For any forward-looking
statements contained in this or any other document, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995,
and we assume no obligation to update publicly or revise any such
statements in light of new information or future events, except as
required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240111729731/en/
Bojana Flint Head of Investor Relations
bojana.flint@polestar.com Theo Kjellberg Head of Corporate PR
theo.kjellberg@polestar.com Tanya Ridd Global Head of
Communications & PR tanya.ridd@polestar.com
Polestar Automotive Hold... (NASDAQ:PSNY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Polestar Automotive Hold... (NASDAQ:PSNY)
Historical Stock Chart
From Apr 2023 to Apr 2024