Northvolt: Peter Carlsson steps down one day after bankruptcy filing in U.S. [Video]

The CEO and co-founder of battery maker Northvolt, Peter Carlsson, is stepping down after being at the helm of the company since it was founded in 2016.

According to a statement published on the Swedish company’s website on Friday, Carlsson will remain a senior adviser and member of the board of directors during the transition period.

• Northvolt says Quebec battery plant will proceed despite bankruptcy filing

Northvolt says it is entering “a new phase of sustainable growth and restructuring” in order to focus on “operational improvements and customer support.”

Commenting on his departure, Carlsson wrote in the press release that this was a new phase, both for the company and for him. He added that filing for bankruptcy would allow the company “to reorganize, to intensify its operations while honouring its commitments to customers and suppliers, and finally to position itself for the long term. So it’s the right time …