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Polestar appoints Jean-Francois Mady as CFO

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Polestar (Nasdaq: PSNY) has appointed Jean-Francois Mady as its new Chief Financial Officer (CFO), effective 21 October 2024. Mady brings 25 years of experience in automotive finance and financial services across Europe, China, Asia, and India. He previously served as Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group.

Mady will replace Per Ansgar, who joined Polestar in January 2024 as a transitional CFO. Ansgar will remain with the company to ensure a smooth transition before returning to his role as CFO of Geely Sweden Holding AB. Incoming Polestar CEO Michael Lohscheller emphasized that one of the key priorities is to make Polestar a financial success, and Mady's appointment is an important step in that direction.

Polestar (Nasdaq: PSNY) ha nominato Jean-Francois Mady come nuovo Chief Financial Officer (CFO), con effetto dal 21 ottobre 2024. Mady porta con sé 25 anni di esperienza nella finanza automobilistica e nei servizi finanziari in Europa, Cina, Asia e India. In precedenza, ha ricoperto il ruolo di Vicepresidente Senior delle Operazioni Contabili Globali e Trasformazione Finanziaria presso Stellantis Group.

Mady prenderà il posto di Per Ansgar, che è entrato in Polestar nel gennaio 2024 come CFO transitorio. Ansgar rimarrà in azienda per garantire una transizione fluida prima di tornare al suo ruolo di CFO di Geely Sweden Holding AB. Il nuovo CEO di Polestar, Michael Lohscheller, ha sottolineato che una delle priorità fondamentali è rendere Polestar un successo finanziario, e la nomina di Mady rappresenta un passo importante in questa direzione.

Polestar (Nasdaq: PSNY) ha nombrado a Jean-Francois Mady como su nuevo Director Financiero (CFO), con efecto a partir del 21 de octubre de 2024. Mady aporta 25 años de experiencia en finanzas automotrices y servicios financieros en Europa, China, Asia e India. Anteriormente, ocupó el cargo de Vicepresidente Senior de Operaciones Contables Globales y Transformación Financiera en Stellantis Group.

Mady reemplazará a Per Ansgar, quien se unió a Polestar en enero de 2024 como CFO transitorio. Ansgar seguirá en la empresa para asegurar una transición suave antes de regresar a su papel de CFO de Geely Sweden Holding AB. El nuevo CEO de Polestar, Michael Lohscheller, enfatizó que una de las prioridades clave es hacer de Polestar un éxito financiero, y el nombramiento de Mady es un paso importante en esa dirección.

폴스타(나스닥: PSNY)가 장-프랑수아 마디를 새로운 최고재무책임자(CFO)로 임명했으며, 임기는 2024년 10월 21일부터 시작됩니다. 마디는 유럽, 중국, 아시아 및 인도에서 자동차 재무 및 금융 서비스 분야에서 25년의 경험을 쌓았습니다. 그는 이전에 스텔란티스 그룹에서 글로벌 회계 운영 및 재무 혁신을 담당하는 수석 부사장을 역임했습니다.

마디는 2024년 1월에 폴스타에 전환 CFO로 합류한 페르 안스가르를 대체하게 됩니다. 안스가르는 원활한 전환을 보장하기 위해 회사에 남아 있으며, 이후 그는 지리 스웨덴 홀딩 AB의 CFO로 복귀할 예정입니다. 새로 취임한 폴스타 CEO 미하엘 로흐셸러는 폴스타를 재정적으로 성공시키는 것이 주요 우선사항 중 하나라고 강조하며, 마디의 임명이 이 방향으로 중요한 단계라고 언급했습니다.

Polestar (Nasdaq: PSNY) a nommé Jean-Francois Mady comme nouveau directeur financier (CFO), avec effet à partir du 21 octobre 2024. Mady apporte avec lui 25 ans d'expérience dans la finance automobile et les services financiers en Europe, en Chine, en Asie et en Inde. Auparavant, il a occupé le poste de Vice-Président Senior des Opérations Comptables Mondiales et de la Transformation Financière chez Stellantis Group.

Mady remplacera Per Ansgar, qui a rejoint Polestar en janvier 2024 en tant que CFO de transition. Ansgar restera avec l'entreprise pour assurer une transition en douceur avant de retourner à son poste de CFO de Geely Sweden Holding AB. Le nouveau PDG de Polestar, Michael Lohscheller, a souligné que l'une des priorités clés est de faire de Polestar un succès financier, et la nomination de Mady constitue une étape importante dans cette direction.

Polestar (Nasdaq: PSNY) hat Jean-Francois Mady als neuen Chief Financial Officer (CFO) ernannt, dessen Amtszeit am 21. Oktober 2024 beginnt. Mady bringt 25 Jahre Erfahrung in der Automobilfinanzierung und im Finanzdienstleistungsbereich in Europa, China, Asien und Indien mit. Zuvor war er Senior Vice President für globale Rechnungslegungsoperationen und Finanztransformation bei Stellantis Group.

Mady wird Per Ansgar ersetzen, der im Januar 2024 als Übergangs-CFO zu Polestar kam. Ansgar wird im Unternehmen bleiben, um einen reibungslosen Übergang zu gewährleisten, bevor er zu seiner Rolle als CFO von Geely Sweden Holding AB zurückkehrt. Der neu ernannte CEO von Polestar, Michael Lohscheller, betonte, dass eine der wichtigsten Prioritäten darin besteht, Polestar zu einem finanziellen Erfolg zu machen, und Mady's Ernennung ist ein wichtiger Schritt in diese Richtung.

Positive
  • Appointment of experienced CFO with 25 years in automotive finance
  • Smooth transition planned with current CFO remaining to support
  • Focus on making Polestar a financial success
Negative
  • None.

GOTHENBURG, Sweden--(BUSINESS WIRE)-- Polestar (Nasdaq: PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (CFO), effective 21 October 2024.

Jean-Francois Mady (Photo: Business Wire)

Jean-Francois Mady (Photo: Business Wire)

Jean-Francois brings 25 years of experience from senior, leading roles in automotive finance and financial services across Europe, China, Asia and India. Most recently he was Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group. He has also held several leadership roles at PSA Group.

Jean-Francois will assume responsibilities from Per Ansgar, who joined Polestar in January 2024 as CFO on a transitional basis. Per will remain with Polestar to provide support and to ensure a smooth transition, before returning to his role as CFO of Geely Sweden Holding AB.

Michael Lohscheller, incoming Polestar CEO, says: “I am very pleased to welcome Jean-Francois to Polestar. He brings a wealth of experience and best practice competence from our industry, which we will benefit from. With Polestar 2, Polestar 3 and Polestar 4 we have a stunning model line-up on the roads. One of our key priorities moving forward is to make Polestar a financial success and this is an important step in that direction.”

“I would like to thank Per for his contributions and commitment, supporting the Company and leading our Finance function during a very important period.”

Jean-Francois Mady says: “I’m very excited to join Polestar, with its unique focus on design, electric performance and sustainability and look forward to supporting the Company’s exciting next phase.”

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 Gothenburg, Sweden, its cars are available online in 27 markets globally across North America, Europe and Asia Pacific.

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 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.

Bojana Flint

Head of Investor Relations

bojana.flint@polestar.com

Theo Kjellberg

Head of Corporate PR

theo.kjellberg@polestar.com

Source: Polestar

FAQ

Who is the new CFO of Polestar (PSNY)?

Jean-Francois Mady has been appointed as the new Chief Financial Officer (CFO) of Polestar (PSNY), effective 21 October 2024.

What is Jean-Francois Mady's background before joining Polestar (PSNY)?

Jean-Francois Mady brings 25 years of experience in automotive finance and financial services. He was previously the Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group.

When will Jean-Francois Mady start as CFO at Polestar (PSNY)?

Jean-Francois Mady will start his role as Chief Financial Officer (CFO) at Polestar (PSNY) on 21 October 2024.

Who is Jean-Francois Mady replacing as CFO at Polestar (PSNY)?

Jean-Francois Mady is replacing Per Ansgar, who joined Polestar in January 2024 as a transitional CFO. Ansgar will remain with the company to ensure a smooth transition.

Gores Guggenheim, Inc.

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