At a glance
- Northvolt files for Chapter 11 to focus on operational improvements and restructuring.
- Peter Carlsson transitions to Senior Advisor and Board Member.
- Pia Aaltonen-Forsell and Matthias Arleth lead interim operations.
- CEO search process has been initiated.
Leadership Transition
Peter Carlsson steps down as CEO of Northvolt, transitioning to a role as Senior Advisor and remaining a Member of the Board. The company has initiated a search for a new CEO.
Chapter 11 Filing
Northvolt has filed for Chapter 11 reorganization to secure financing for operational improvements and restructuring. This move aims to enhance customer support and ensure long-term competitive positioning.
Interim Leadership
Pia Aaltonen-Forsell, Chief Financial Officer, and Matthias Arleth, President of Cells, will jointly lead Northvolt as interim leaders. Scott Millar will support them as Chief Restructuring Officer.
Future Focus
The new leadership team will concentrate on operational efficiency, financial restructuring, and sustainable growth, adapting to the evolving market demands.
