Battery Startup ONE Demotes Founder and CEO During Cash Crunch
- Board member Paul Humphries becomes CEO, founder Ijaz now CTO
- ONE to delay full buildout of battery plant pending demand
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Our Next Energy Inc., a battery startup that hopes to rival China with vital energy storage technology, has replaced founder and Chief Executive Officer Mujeeb Ijaz as it faces a failed funding round and cash crunch.
ONE has installed board member Paul Humphries as CEO, the company confirmed in an interview Friday at its Michigan headquarters.