Battery-recycling and energy-storage startup Redwood Materials is moving closer to its next phase by hiring Deepak Ahuja, the former Tesla finance chief. The appointment reunites him with ex-Tesla CTO JB Straubel. Despite the leadership shakeup, Ahuja indicates it’s “too early” to discuss an IPO, signaling a focus on execution before any public-market plans.
Redwood Materials has suffered leadership shakeups after a recent restructuring and layoffs, according to TechCrunch. The company’s COO, former Tesla executive Chris Lister, is retiring, and at least three other VPs have also left. The departures point to a broader reset in how the recycling and battery materials firm is organizing its leadership and operations.
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