💨 Abstract

Northvolt, a lithium-ion battery maker, has appointed restructuring expert Paul O'Donnell as chairman of its main facility in Sweden, amidst financial struggles and potential Chapter 11 bankruptcy discussions. O'Donnell brings experience from Blackstone Group and various non-executive roles. The company has missed production targets and curtailed production, with Mark Duchesne, Northvolt Ett's chief, stepping down last month.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖