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Shares of EV maker Polestar (PSNY) are jumping Tuesday after the company named Jean-Francois Mady as its new CFO effective October 21. Mady previously served as senior vice president of global accounting operations and finance transformation at Stellantis (STLA).
Julie Hyman and Josh Lipton break down these developments.
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This post was written by Luke Carberry Mogan.
She got this name. Automaker Polestar, uh, selects former Stellantis executive as its new chief financial officer. Shares yikes plunging today down almost 14%. So No, they're up today.
Oh, I'm sorry. Up today, 14%. Thank you, Julie. See, it's good to have you back. Green means up. Uh, points to new CFO, uh, Jean-François Maidi, effective October 21st. Some changes in the C-suite. Most recently, uh, came over from Stellantis with Senior VP of Global Accounting Operations and Finance Transformation over there. And by the way, it's coming after the EV maker just recently did report results.
Yeah, and it also said that its CEO is going to be leaving too. Thomas Ingenlath. Um, he said last week that he's going to be leaving as of October 1st. So now this sort of rounding out the new C-suite for Polestar. But as we're showing, you know, the stock has really struggled this year along with a lot of the other EV makers, particularly the higher end EV makers like a Polestar. Um, so, you know, we'll see whether this change, well, it causes this bump today, whether it will be longer lasting. October 21st is when Mr. Maidi, however we're
I like how you said it, even if it's wrong. I'm just gonna take that.
Whenever he's taking the taking over a CFO.