Electric vehicle (EV) carmaker Polestar announced today it has appointed former Stellantis finance executive Jean-Francois Mady as its new Chief Finance Officer (CFO).
The Geely-backed EV maker assigned Mady just days after announcing the replacement of long-time CEO Thomas Ingenlath.
Mady was most recently Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group and also held several leadership roles at PSA Group.
Incoming Polestar CEO, Michael Lohscheller, commented on the hire. He said:
“With Polestar 2, Polestar 3 and Polestar 4 we have a stunning model line-up on the roads. One of our key priorities moving forward is to make Polestar a financial success and this is an important step in that direction.”
Polestar plans to have a line-up of five performance EVs by 2026. Polestar 2, the electric performance fastback, launched in 2019. Polestar 3, the SUV for the electric age, launched in late 2022. Polestar 4, the SUV coupé transformed, is launching in phases through 2023 and into 2024. Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon.
