Investing
EV battery startup ONE names Paul Humphries as CEO, replacing founder
© Reuters. FILE PHOTO: The logo for Our Next Energy (ONE) is seen outside the company’s headquarters in Novi, Michigan, U.S., April 25, 2022. REUTERS/ Rebecca Cook/File photo
2/2
(Reuters) – Electric-vehicle battery startup Our Next Energy (ONE) said on Sunday that Paul Humphries will be its new CEO effective immediately, replacing Mujeeb Ijaz, who held the post since he founded the company.
Ijaz, a former Apple (NASDAQ:) executive, will serve as vice-chairman of the board and take on the role of chief technology officer following Humphries’ appointment, ONE said.
Humphries has also been a member of the ONE Board of Directors since the company was founded in 2020.
The Michigan-based company cut around 25% of its workforce, or 128 employees last month, citing “market conditions” as reason for the layoffs. It added that it is continuing to focus on establishing its gigafactory in Michigan and to develop a North American supply chain for batteries.
The company said in February it had raised $300 million in a Series B funding, valuing it at $1.2 billion.
Read the full article here
How Meta Generated $32 Billion in Ad Revenue Last Quarter
Meta Is Laying Off 5% of Its Workforce: Read the Memo
Think Copying Big Brands Will Bring You Success? Think Again
The $100-Million Habit That Leads to Extraordinary Success
US stocks reverse gains despite softer inflation data; Trump tariffs eyed By Investing.com
Microsoft Is About to Begin Job Cuts. Here’s Why.
10 Critical Questions to Ask Your Financial Advisor Now
10 Ways to Make Money As a Graphic Designer
What CMOs Need to Know About AI Adoption in Marketing Teams
If you are 60 years old, new 401(k) rules could save you money
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles6 days agoMicrosoft Is About to Begin Job Cuts. Here’s Why.
-
Make Money5 days ago10 Critical Questions to Ask Your Financial Advisor Now
-
Make Money4 days ago10 Ways to Make Money As a Graphic Designer
-
Investing6 days agoWhat CMOs Need to Know About AI Adoption in Marketing Teams
-
Personal Finance3 days agoIf you are 60 years old, new 401(k) rules could save you money
-
Investing5 days agoAirbus keeps top spot with 766 jet deliveries in 2024 By Reuters
-
Side Hustles6 days agoJPMorgan to Implement a Five-Day Return-to-Office Mandate
-
Passive Income6 days ago3 AI Leadership Lessons for 2025