Pod Point Group Holdings Plc announced that Erik Fairbairn is to step down as chief executive officer (CEO) with immediate effect to allow for new leadership as the company navigates the growing market for EVs in 2023 and beyond. Andy Palmer, senior independent director of the company, has been appointed interim CEO to enhance operational performance and deliver sustained shareholder value for the group. Andy, 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.

Erik will be available to the Board and the interim CEO to the end of his contractual term. The Board is confident that Andy's combination of proven industry experience and deep knowledge of vehicle electrification will enable Pod Point to realise its full potential. He will build on the pioneering spirit of Erik, who founded the company and who foresaw future demand for charging solutions.