Polestar Announces Change to Board of Directors

Business

Polestar Announces Change to Board of Directors

2026-08-26 19:01 Last Updated At：19:10

GOTHENBURG, Sweden--(BUSINESS WIRE)--Aug 26, 2026--

Polestar (Nasdaq: PSNY) announces the appointment of Arek Nowinski to its Board of Directors. Arek is currently Head of Eastern Europe, Middle East, Africa and Asia Pacific at Volvo Cars and has held several other senior sales leadership positions during his career. He holds an MSc in International Finance from the University of Derby and an MA in Finance and Banking from the Warsaw School of Economics.

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Arek replaces Francesca Gamboni, who has chosen to retire from the Polestar Board of Directors.

Winfried Vahland, Polestar Chair, says: “I would like to thank Francesca for her excellent contribution to the work of the Board. I’m also pleased to welcome Arek, who brings significant commercial expertise and experience, as Polestar enters a phase of model expansion and sales network development across existing and new markets.”

About Arek Nowinski

Arek is currently Head of Eastern Europe, Middle East, Africa and Asia Pacific at Volvo Cars. Previously, he was President of Volvo Cars Poland, as well as Senior Vice President of Volvo Cars EMEA and President of Volvo Cars International Markets. He holds degrees from both the University of Derby and the Warsaw School of Economics.

About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 31 markets globally across North America, Europe and Asia Pacific.

Polestar has four models in its line-up: Polestar 2, Polestar 3, Polestar 4, and Polestar 5. Planned models include Polestar 4 new variant (to be introduced in the last quarter of 2026), Polestar 2 successor (to be launched early in 2027), Polestar 7 compact SUV (to be introduced in 2028) and the Polestar 6 roadster. With its vehicles currently manufactured on two continents, North America and Asia, Polestar is diversifying its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.

Forward-Looking Statements

This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.

Season preview: Bayern's dominance overshadows Bundesliga on Klopp's return as Germany coach

BERLIN (AP) — When Jürgen Klopp surveys the Bundesliga upon his return as Germany coach, he could be forgiven for sneaking a look elsewhere for excitement.

A new season of Germany’s top division starts Friday, but little will have changed from before with Bayern Munich expected to saunter to another league title with minimal opposition. It would be Bayern’s third in a row and 14th in 15 seasons.

The Bavarian powerhouse’s dominance overshadows the league with Bayern treating the competition as a warmup for the Champions League.

“The battle for starting spots at FC Bayern is more exciting than the race for the German championship,” former West Germany great Lothar Matthäus wrote in a column for Sky, where he predicted Vincent Kompany’s team would again win the Bundesliga by more than 10 points.

Bayer Leverkusen’s league and cup double while remaining unbeaten in 2024 is the only blot on Bayern’s record since Klopp led Borussia Dortmund to back-to-back titles in 2012.

This season, Klopp’s former club is rebuilding after a summer of change, as is Leverkusen for the second year after its unprecedented success under Xabi Alonso.

Stuttgart is the most settled of Bayern’s rivals in what will be its fourth full season under coach Sebastian Hoeneß, but the gulf in class and resources between the sides is again likely to be too much.

Bayern routed Stuttgart 3-0 in the German Cup final in May with Harry Kane hitting a hat trick to take his season tally to 61 goals.

Kane will be keen to get off the mark again when Stuttgart visits Munich for the season opener on Friday.

Bayern is expected to be even stronger in Kompany’s third season as coach.

Morocco forward Ismael Saibari has arrived from PSV Eindhoven to boost an already fearsome attack including Kane, Michael Olise and Luis Díaz.

Germany defender Nathaniel Brown has arrived from Eintracht Frankfurt and has already filled in in midfield with Saibari still nursing an injury from the World Cup.

Bayern also finalized the transfer of Senegal teenager Bara Sapoko Ndiaye from Gambia All Stars. The promising 18-year-old midfielder is expected to feature more following the departure of Leon Goretzka.

Jamal Musiala is back after missing much of last season with a broken leg, though it remains to be seen how he and the club deal with the neurological issue that caused him to collapse during two warmup games after a change in medication.

Dortmund’s rebuilding started long before the summer with new sporting director Ole Book arriving from Elversberg in March to replace Sebastian Kehl, who departed after reported disputes with managing director Lars Ricken. Carsten Cramer took over from Hans-Joachim Watzke as CEO in October.

Book inherited a squad in drastic need of change and has had a busy summer, bringing in attack-minded midfielders Konstantinos Karetsas, Joey Vermaan and Giannis Konstantelias from Genk, PSV and PAOK, respectively, to replace Karim Adeyemi (Barcelona) and Julian Brandt (Ajax).

Young defenders Joane Gadou and Kaua Prates arrived from Salzburg and Cruzeiro, respectively, while Ecuadorian midfielder Justin Lerma and Japanese teenager Takato Yamamoto will also have opportunities to shine under coach Niko Kovač.

A proposed move for Said El Mala broke down over Cologne’s demands for the teenage star.

Brand was among several players including Salih Özcan and Niklas Süle whose contracts expired. Julien Duranville and Cole Campbell also departed, while Brazilian defender Yan Couto was allowed join Como on loan.

More transfers are expected before Sept. 1.

After enjoying so much success under Xabi Alonso in 2024, Leverkusen has turned to another Spanish coach, Carles Martínez, who led Toulouse to mid-table finishes over three seasons in the French league.

Leverkusen’s first season without Alonso was rocky and disappointing. Erik ten Hag had a brief and turbulent spell in charge, then Kasper Hjulmand could only lead the team to sixth.

Martínez will be charged with a top-four finish for Champions League qualification.

Eintracht Frankfurt, Leipzig and Stuttgart are also expected to challenge for the financially lucrative top-four places.

Adi Hütter is back as Frankfurt coach to calm the waters after Albert Riera’s volatile tenure last season. Riera fell out with players, team officials and fans, then blasted the club after he was fired and said he would not take any Frankfurt players for future projects. Riera led Frankfurt to eighth, just outside the European qualification places.

Leipzig fired its coach after finishing third last season, so the pressure is on Martin Demichelis to do better. He’ll have to do it without Yan Diomande, who joined Real Madrid in a big money move. Christopher Nkunku has returned to help fill in.

Schalke is back in the Bundesliga after three seasons away, meaning more work for local police with the Ruhr derby back on against Dortmund.

Miron Muslić’s team will aim to last longer than the solitary season that Schalke managed upon promotion in 2022, though there are fears of an over-reliance on veteran forward Edin Džeko, who’s staying on for another year.

Paderborn and Elversberg are the other promoted sides. Both will be -- like Schalke -- fighting for survival in the 64th Bundesliga season. While Paderborn was promoted before, in 2014 and 2019, it’s the first time for Saarland-based Elversberg, which was playing at the fourth-tier level in 2021-22.

Even if the Bundesliga title race feels predictable, the battle for survival and European qualification will be anything but.

See AP’s full soccer coverage here