Polestar Ropes In Former Stellantis Exec Jean-Francois Mady As New CFO
Portfolio Pulse from Anan Ashraf
Polestar Automotive (NASDAQ:PSNY) has appointed Jean-Francois Mady, a former Stellantis executive, as its new CFO, effective October 21. This follows the recent appointment of Michael Lohscheller as CEO. Polestar, controlled by Geely, reported an 80% increase in car deliveries in Q2 and aims for further sales growth with the upcoming production of Polestar 3 in South Carolina.
September 03, 2024 | 11:51 am
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Polestar Automotive has appointed Jean-Francois Mady as its new CFO, effective October 21. This leadership change comes as the company reports an 80% increase in Q2 deliveries and plans to start production of Polestar 3 in South Carolina.
The appointment of a new CFO, especially one with a strong background, is a significant leadership change that can positively impact investor confidence. Coupled with the recent CEO appointment and strong Q2 delivery growth, this news suggests a positive outlook for Polestar's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100