Polestar announced that Håkan Samuelsson intends to retire as Board Chair. The Board of Directors has appointed Winfried Vahland Board Chair, effective following the Company?s Annual General Meeting of Shareholders. Carla De Geyseleer, Audit Committee Chair, has chosen not to stand for re-election as Director, in order to focus on her executive role.

Håkan Samuelsson has been a part of Polestar?s journey since the brand was launched as the electric performance car company in 2017, acting as Board Chair during a period of model line-up and market expansion. Winfried Vahland has a long career in the international automotive industry. Among other leading positions the graduate economist and engineer was CEO and President of Volkswagen Group China from 2005-2010, where he oversaw a turnaround of operations through an extensive model offensive and successful efficiency program.

He held the position as CEO of ?koda Auto between 2010-2015, delivering the future-oriented positioning of the brand, a comprehensive model expansion and record results. Prior to joining the Polestar Board in January 2024, he served for five years as a Member of the Board of Volvo Cars.