Polestar Announces Leadership Change: Michael Lohscheller Appointed CEO
Polestar (Nasdaq: PSNY) announces a significant leadership change, with Michael Lohscheller appointed as the new CEO, effective October 1, 2024. Lohscheller, with extensive experience as CEO of Opel, VinFast, and Nikola, brings valuable expertise in scaling businesses and navigating competitive markets. He succeeds Thomas Ingenlath, who has led Polestar since its inception.
This transition comes as Polestar aims to expand its global footprint and strengthen its position in the premium electric vehicle market. The company's incoming Chairman, Winfried Vahland, expresses confidence in Lohscheller's ability to drive operational excellence, develop a coherent product strategy, and enhance Polestar's global market presence.
Polestar (Nasdaq: PSNY) annuncia un importante cambiamento di leadership, con Michael Lohscheller nominato nuovo CEO, con effetto dal 1° ottobre 2024. Lohscheller, con una vasta esperienza come CEO di Opel, VinFast e Nikola, porta una preziosa expertise nella scalabilità delle aziende e nella navigazione di mercati competitivi. Succede a Thomas Ingenlath, che ha guidato Polestar fin dalla sua nascita.
Questa transizione avviene mentre Polestar mira ad espandere la propria presenza globale e a rafforzare la propria posizione nel mercato dei veicoli elettrici premium. Il nuovo Presidente dell'azienda, Winfried Vahland, esprime fiducia nella capacità di Lohscheller di guidare l'eccellenza operativa, sviluppare una strategia di prodotto coerente e migliorare la presenza di Polestar sul mercato globale.
Polestar (Nasdaq: PSNY) anuncia un cambio de liderazgo significativo, con Michael Lohscheller designado como nuevo CEO, efectivo a partir del 1 de octubre de 2024. Lohscheller, con una amplia experiencia como CEO de Opel, VinFast y Nikola, aporta valiosa experiencia en la expansión de negocios y en la navegación de mercados competitivos. Sucede a Thomas Ingenlath, quien ha liderado Polestar desde su inicio.
Esta transición se produce mientras Polestar busca expandir su huella global y fortalecer su posición en el mercado de vehículos eléctricos premium. El nuevo presidente de la compañía, Winfried Vahland, expresa confianza en la capacidad de Lohscheller para impulsar la excelencia operativa, desarrollar una estrategia de productos coherente y aumentar la presencia global de Polestar.
폴스타(나스닥: PSNY)가 중요한 리더십 변화를 발표하며, 마이클 로셸러를 2024년 10월 1일부터 새로운 CEO로 임명했습니다. 로셸러는 오펠, 빈패스트 및 니콜라의 CEO로서의 폭넓은 경험을 바탕으로, 비즈니스를 확장하고 경쟁이 치열한 시장을 꿰뚫는 귀중한 전문 지식을 가지고 있습니다. 그는 폴스타를 창립 이래 이끌어온 토마스 인겔라트를 이어받습니다.
이 변화는 폴스타가 글로벌 입지를 확장하고 프리미엄 전기차 시장에서의 입지를 강화하고자 하는 노력의 일환으로 이루어집니다. 새 의장인 빈프리드 바란드는 로셸러가 운영 우수성을 촉진하고, 일관된 제품 전략을 개발하며, 폴스타의 글로벌 시장 존재감을 강화하는 능력을 가지고 있다고 확신합니다.
Polestar (Nasdaq: PSNY) annonce un changement de leadership significatif, avec Michael Lohscheller nommé nouveau PDG, à compter du 1er octobre 2024. Lohscheller, fort d'une vaste expérience en tant que PDG d'Opel, VinFast et Nikola, apporte une expertise précieuse dans l'expansion des entreprises et la navigation sur des marchés concurrentiels. Il succède à Thomas Ingenlath, qui a dirigé Polestar depuis sa création.
Cette transition survient alors que Polestar vise à élargir son empreinte mondiale et à renforcer sa position sur le marché des véhicules électriques premium. Le nouveau président de l'entreprise, Winfried Vahland, exprime sa confiance dans la capacité de Lohscheller à favoriser l'excellence opérationnelle, à développer une stratégie produit cohérente et à améliorer la présence mondiale de Polestar.
Polestar (Nasdaq: PSNY) kündigt einen bedeutenden Führungswechsel an, wobei Michael Lohscheller am 1. Oktober 2024 neuer CEO wird. Lohscheller bringt umfassende Erfahrungen als CEO von Opel, VinFast und Nikola mit und verfügt über wertvolle Expertise in der Skalierung von Unternehmen und der Navigation durch wettbewerbsintensive Märkte. Er tritt die Nachfolge von Thomas Ingenlath an, der Polestar seit der Gründung leitet.
Dieser Übergang erfolgt, während Polestar darauf abzielt, seine globale Präsenz zu erweitern und seine Position im Premium-Elektrofahrzeugmarkt zu stärken. Der neue Vorsitzende des Unternehmens, Winfried Vahland, äußert Vertrauen in Lohschellers Fähigkeit, operative Exzellenz voranzutreiben, eine kohärente Produktstrategie zu entwickeln und die globale Marktpräsenz von Polestar zu verbessern.
- Appointment of Michael Lohscheller as CEO, bringing extensive automotive industry experience
- Planned expansion of global footprint and market presence
- Strong commitment from Geely to Polestar's success
- Launch of new models Polestar 3 and 4, with plans for Polestar 5 and 6
- Departure of founding CEO Thomas Ingenlath, potentially impacting continuity
- Challenges in scaling operations and navigating competitive EV market
Michael Lohscheller (Photo: Business Wire)
Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, brings a wealth of expertise in the automotive industry, particularly in navigating competitive markets and scaling businesses. Polestar will be ambitiously expanding its global footprint and its position as a leader in the premium electric vehicle market in the coming years.
Winfried Vahland, Polestar’s incoming Chairman, says: “Polestar has experienced an exceptional start-up phase and with a broader model line-up, Michael Lohscheller is the ideal leader to guide Polestar into its next chapter. His deep industry knowledge, especially in driving operational excellence, developing a coherent product strategy and strengthening the global market presence will be instrumental in the next chapter of Polestar’s growth. With Scandinavian heritage, passion and performance Polestar will set new standards for future individual mobility. Geely remains deeply committed to Polestar’s success, and with Michael at the helm, supported by a dynamic leadership team, we are well-positioned for continued innovation and growth.”
Michael Lohscheller says: “I am honored to join Polestar at such an exciting time in the Company’s history. Polestar has already established itself as one of the most desirable and innovative brands in the electric vehicle space, and I look forward to working with the talented team to build on this strong foundation and accelerate our development.”
Winfried Vahland honors the contributions of Thomas Ingenlath: “Thomas has been instrumental in shaping Polestar into the innovative and forward-thinking brand it is today, leading its transformation from a Volvo performance division into the only true global premium electric vehicle brand, with an outstanding focus on design, performance and premium qualities. We extend our deepest gratitude for his leadership.”
Thomas Ingenlath says: “I am very proud of what we’ve achieved together in the last seven years. We had the vision of an electric premium brand which puts performance and design at its core. And we made it, the dream became reality: Polestar is the only true global premium electric brand, we just launched the Polestar 3 and 4, we are producing on two continents – thank you to everybody who contributed so far on this journey, it was a lifetime experience to build up this brand with you all. I wish Michael and the team the best for the next chapter of Polestar.”
About Polestar
Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility. Headquartered in
Polestar plans to have a line-up of five performance EVs by 2026. Polestar 2, the electric performance fastback, launched in 2019. Polestar 3, the SUV for the electric age, launched in late 2022. Polestar 4, the SUV coupé transformed, is launching in phases through 2023 and into 2024. Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon.
The Polestar 0 project supports the company’s ambitious goal of creating a truly climate-neutral production car by 2030. The research initiative also aims to create a sense of urgency to act on the climate crisis, by challenging employees, suppliers and the wider automotive industry, to drive towards zero.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240827828117/en/
Bojana Flint
Head of Investor Relations
bojana.flint@polestar.com
Theo Kjellberg
Head of Corporate PR
theo.kjellberg@polestar.com
Source: Polestar
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