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POLAR POWER ANNOUNCES MANAGEMENT RESTRUCTURING WITH NEW CEO ALIGNMENT

Globe Newswire•12/10/2026•07:00 ET
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Key Highlights

  • ➤Polar Power appoints Chris Mayer Co-CEO for corporate strategy, finance, growth and capital markets
  • ➤Arthur Sams remains Co-CEO overseeing sales, engineering and manufacturing
  • ➤Company targets scalability across telecom, data center and defense growth initiatives

Expert Statements

Chris Mayer, Co-CEO of Polar Power

“I am excited about the opportunities for growth and profitability with Polar Power. We have a base of existing customers that are continuing to grow, while now facing opportunities which represent massive growth and scale for the future of the Company. It is an exciting time to join Polar Power, and I look forward to working with Arthur to scale the Company for the future”

GARDENA, Calif., Oct. 12, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (the “Company” or “Polar Power”), a global provider of prime, backup and solar hybrid power solutions, today announced a new management structure for office of the CEO. The Company will now operate with the public company and market facing responsibilities being assigned to Chris Mayer as Co-CEO. Arthur Sams will remain with the Company as Co-CEO with responsibility for sales, engineering and manufacturing within Polar Power.

Chris Mayer joins the Company with significant experience in manufacturing, public markets, finance and go-to market strategies. His responsibilities are to lead the corporate strategy, financial performance, commercial growth and capital markets activity including investor relations. He also has responsibility for strategic investments and subsequent funding.

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