Arrival appoints igor torgov as ceo and announces significant savings initiatives to reduce spend by approximately 50%

Luxembourg, jan. 30, 2023 (globe newswire) -- arrival (nasdaq: arvl) today announces the appointment of igor torgov, former arrival evp of digital, as ceo. the board has unanimously voted in igor to effect the planned restructuring of its business and to support arrival's mission to master a radically more efficient new method to design and produce electric vehicles.
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