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Just week ago , during an consultation with TechCrunch , Thomas Ingenlath laid out his plan to sprain Polestar into a self - sustaining companionship . Now , he ’s out .
Polestar articulate Tuesday Ingenlath hasresigned as CEO , a lieu he has held since the EV startup reel out of Volvo in 2017 . He will be replaced by Michael Lohscheller , who was previously chief operating officer of the Stellantis brand Opel , as well as VinFast and Nikola .
The executive shakeup comes at a unstable time for Polestar , which has undergo layoffs and other toll - cut measurement over the retiring year .
The ship’s company , which is now publically deal , is assay to bring in several new electron volt to food market even as it see obtuse sale ontogenesis . Earlier this year , Volvo strip a significant portion of its holding . Polestar has since turn to banks for a$1 billion loanword , critical funds take to keep its EV plans go ahead .
