Following battery start-up Northvolt’s US bankruptcy filing (under Chapter 11 for reorganisation) the company announced that Peter Carlsson will step aside from his role as CEO. However, he will take on a role as Senior Advisor and remains a Member of the Board.
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Peter Carlsson has led Northvolt since its inception in 2016. He co-founded Northvolt with the mission to drive sustainable energy solutions through the creation of a pioneer in European battery production.
The company describes its Northvolt Ett site is the first truly European battery gigafactory delivering to customers at large scale. It says Northvolt Labs is the epicentre of European battery research and development, achieving technical breakthroughs and leading in patent creation.
In parallel, Northvolt is building facilities in Heide, Germany and Montreal, Canada.
Peter Carlsson said: “Today marks a significant new phase for Northvolt as well as for me personally. The Chapter 11 filing allows a period during which the company can be reorganised, ramp up operations while honouring customer and supplier commitments, and ultimately position itself for the long-term. That makes it a good time for me to hand over to the next generation of leaders.”
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By GlobalDataNorthvolt’s Interim Chairman of the Board of Directors, Tom Johnstone, commented: “We are incredibly thankful to Peter for his vision and dedication to building Northvolt from an unprecedented idea to becoming Europe’s battery manufacturing champion. Peter’s perspective will continue to benefit Northvolt, as a Senior Advisor and Member of the Board, while the new leadership will steer the company into the next stage.”
The company leadership will consist of Pia Aaltonen-Forsell, Chief Financial Officer, and Matthias Arleth, the President of Cells, who will now take the role of Chief Operations Officer. Together, and supported by Scott Millar as Chief Restructuring Officer, they will jointly lead Northvolt. The search process for a new CEO has been initiated.
Tom Johnstone, added: “I am very pleased that the two recent additions to Northvolt’s leadership will jointly lead this next phase of operational improvement, increased customer focus, and financial restructuring.”
