Arrival has a new CEO: Peter Cuneo. Denis Sverdlov is not in that position anymore. Despite the letter written not long ago in order to explain the difficult time the Arrival project is facing, Sverdlov was forced to step down. He will be replaced by former Chairman of the Board F. Peter Cuneo, now appointed interim CEO. Denis Sverdlov becomes in turn Chairman of the Board. Cuneo has been at the helm of Marvel until it was sold to Disney in 2009.

Additionally, Avinash Rugoobur resigned as President and Chief of Strategy on 22 November, 2022 for personal reasons, but will remain a Board member. Rexford Tibbens will assume the role of Chairman of the Company’s Strategic Planning and Operations Committee, which will work closely with management and focus on achieving key milestones across all divisions of the Company, including fundraising.

Peter Cuneo new CEO at Arrival

“I intend to bring the full depth of my experience to this operational role, ensuring that the Company executes on its next set of strategic goals. I look forward to working closely with Denis, the rest of the Board and our employees for the benefit of all Arrival’s stakeholders”, stated Peter Cuneo, who has resigned from the Board and the Audit Committee in order to focus on his duties as Interim CEO. Peter Cuneo will continue to attend Board meetings as an observer.

“I am more committed than ever to ensuring Arrival’s success, and I will continue to act in the best interests of the Company, shareholders, customers, partners and employees”, declared former Arrival CEO, Denis Sverdlov.

Highlights

4Fleets, the platform for innovation in bus fleet maintenance

Digigroup Informatica presents 4Fleets, an innovative web platform that optimize fleet maintenance process using the industry-standard TiGR (Telematics for intelligent Garage in Real Time) communication protocol recently introduced in the European bus marketplace. The role of the TiGR protocol TiGR ...

Related articles

The e-bus market in India has grown 65% in 2022

The electric market in India is growing in a major way. According to the study of carried out by Ev Reporter during 2022, sales of electric vehicles in the Asian country exceeded one million units for the first time, touching 1,054,938, effectively tripling the sales recorded in 2021: 344,495 sales....