Aug 23, 2022 - 03:05 pm

Britishvolt’s CEO Orral Najdari steps down

The battery cell manufacturer Britishvolt has announced the resignation of its founder and CEO Orral Nadjari. Graham Hoare, currently Britishvolt’s deputy CEO and president of global operations, will temporarily take over as CEO.

Officially, Orral Nadjari is stepping down to clear the way for the “next phase” of the project. According to a company spokesperson, the change in leadership is related to Britishvolt’s ambitions to become a listed company.

Another possible reason is now publicised problems with the construction of the battery cell factory in Blyth in the northern English county of Northumberland: The Guardian reports that construction work will be severely curtailed until February in order to minimise expenditure due to a lack of funds. The British newspaper refers to documents from an internal presentation from the end of July. According to this, Britishvolt wants to concentrate on the next round of financing and the critical power supply of the future battery factory.

Britishvolt itself and the main contractor ISG told the Guardian that the term ‘life support’ in the documents does not refer to the project as a whole, but only to “specific work packages” whose design is being optimised. A decision is to be made in October.

However, there is nothing of this in the company’s communication. It says that after confirmation of support from the British government, the company is moving towards “full operational implementation”. The first cell samples are to be sent to customers this summer, “tests show that they will exceed quality and performance expectations”.

Company founder Nadjari expressed pride in what he has achieved in his statement. “Although it was a difficult decision for me to step away from the operational management of the company, now is the right time for me to pass the reins, after laying the foundations, to our hugely talented, world-leading team, who will drive the business forwards as it enters the execution phase. They have my complete trust to take Britishvolt to the next level,” the ex-CEO is quoted as saying.

The project was first announced in mid-2020, with Blyth confirmed as the location of the battery factory in December of the same year. Since then, the company has entered into numerous raw material and development partnerships, including with German companies such as Siemens and Manz. Construction work has been underway since autumn 2021.

britishvolt.comtheguardian.com, constructionnews.co.uk

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Ein Kommentar zu “Britishvolt’s CEO Orral Najdari steps down

  1. Alireza MOHAZZEB-JAHROMI

    It should be IPO now so that money can be raised from the share holders. British Volt has a great future.

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Found on electrive.com
https://www.electrive.com/2022/08/23/britishvolts-ceo-najdari-steps-down/
23.08.2022 15:47