|Bid||0.3779 x 3100|
|Ask||0.3780 x 900|
|Day's Range||0.3601 - 0.3847|
|52 Week Range||0.1410 - 4.8300|
|Beta (5Y Monthly)||2.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 28, 2023 - Mar 06, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.50|
Arrival announced this week that Igor Torgov, the company's former executive vice president of digital, would be its permanent CEO. The electric vehicle maker also rolled out a cost-cutting plan to reduce its global workforce by 50%.
Arrival (NASDAQ: ARVL) named former Arrival EVP of Digital Igor Torgov as the new CEO, effective January 30, 2023. Igor joined Arrival in February 2020 and has led the development of multiple divisions. Before Arrival, Igor held numerous COO, CEO, and leadership positions at Atol, Bitfury, Yota, Columbus IT, and Microsoft Corp (NASDAQ: MSFT). Igor succeeded F. Peter Cuneo, who served as the interim CEO since November 2022. In November, Denis Sverdlov stepped down from his role as CEO and became
Arrival (ARVL) said Monday that it will cut its global workforce in half, to about 800 employees, as it implements a restructuring aimed at cutting spending by about 50% to preserve cash. The Luxembourg-based electric vehicle maker also named Igor Torgov, a former Arrival executive vice president of its digital business, as chief executive officer, to effect the restructuring. The company also appointed financial advisor Teneo to evaluate strategic initiatives.