Polestar appoints former Opel boss as CEO as Ingenlath resigns

28th Aug 2024 12:08

(Sharecast News) - Swedish electric car maker Polestar said on Wednesday that chief executive officer Thomas Ingenlath has resigned with effect from 1 October, to be succeeded by former Opel CEO Michael Lohscheller.

Polestar said that Lohscheller, who has also served as CEO of VinFast and Nikola, brings a "wealth of expertise in the automotive industry, particularly in navigating competitive markets and scaling businesses".

Incoming chairman Winfried Vahland said: "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."