UK EV Charging Company Pod Point CEO Stands Down, Andy Palmer Named Interim CEO

Pod Point, one of the UK's market leading providers of electric vehicle (EV) charging solutions, has announced that Erik Fairbairn is to step down as CEO with immediate effect. Andy Palmer, Senior Independent Director of Pod Point, has been appointed interim CEO to enhance operational performance and deliver sustained shareholder value for the group.

Palmer, who joined the Pod Point board prior to its 2021 IPO, is one of the automotive industry's most experienced executives, whose previous roles include Chief Operating Officer of Nissan and CEO of Aston Martin Lagonda.

Pod Point was founded in 2009 and has shipped more than 195,000 charge points in the UK.

Palmer says: "As someone who pioneered the world's first mass-market electric vehicle, the Nissan LEAF, I am aware of the growing infrastructure requirements as the market transitions to zero-emission cars. This transition creates significant opportunities for Pod Point in both commercial and domestic demand for charging points and related recurring revenue through, for example, grid load management. I look forward to working more closely with the highly skilled and entrepreneurial team at Pod Point to convert these opportunities into top-line revenues and improving profitability."

Gareth Davis, Pod Point Chair, adds: "Since our stock market listing, Pod Point has navigated challenging industry headwinds. Given these challenges, the Board feels that new leadership is required to execute the existing strategy and to take advantage of future growth opportunities. Andy has agreed to serve as interim CEO as we seek a permanent successor to Erik, whom we thank for his commitment to the success of the Company."

Pod Point's public charging network connects EV drivers with 8,200+ charging bays.