Polestar’s Finance Chief Malmqvist departs from pioneering EV company.

TLDR:

• Polestar’s Chief Financial Officer, Johan Malmqvist, has left the Swedish electric vehicle startup.
• Malmqvist served as CFO since 2021 and was previously the finance chief of Dole, the food company.
• Polestar has recently received new financing from its main backer, Volvo.
• Winfried Vahland, a former CEO of Volkswagen Group China and a former Volvo Cars board member, has been appointed to Polestar’s board.

Polestar, the Swedish electric vehicle startup, has experienced a setback as its Chief Financial Officer, Johan Malmqvist, has departed the company. Malmqvist had served as CFO since 2021 and was previously the finance chief of food company Dole. The departure comes at a time when Polestar has been grappling with soft sales of its electric vehicles, and it remains to be seen how this will impact the company’s financial outlook. However, Polestar has recently received new financing from its main backer, Volvo.

In addition to Malmqvist’s departure, Polestar has announced the appointment of Winfried Vahland to its board. Vahland, a former CEO of Volkswagen Group China and a former Volvo Cars board member, brings a wealth of experience in the automotive industry. This move may be seen as a strategic decision by Polestar to strengthen its leadership team and navigate challenges in the evolving electric vehicle market.