Transportation
Polestar Chair Steps Down as EV Maker Battles Share Decline
- Vahland to replace former Volvo Car CEO Samuelsson as chair
- Automaker has struggled since its US stock listing in 2022
A Polestar 3 electric vehicle during the 2024 New York International Auto Show on March 28.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
Polestar Automotive Holding UK’s chairman plans to step down as part of a broader board shuffle for an electric vehicle maker battling operational challenges and stock woes.
Hakan Samuelsson, the former chief executive officer of Volvo Car, will be replaced as board chair by current director Winfried Vahland, Polestar said Tuesday in a statement. Another board member, Carla De Geyseleer, won’t stand for reelection at the upcoming annual shareholder meeting, the company said.