Polar Power, Inc. (NASDAQ: POLA) announced a management restructuring, appointing Chris Mayer as Co-CEO alongside existing Co-CEO Arthur Sams, according to a press release dated Oct. 12, 2026.

Under the new structure, Mayer will handle public company and market-facing responsibilities, including corporate strategy, financial performance, commercial growth, capital markets activity, investor relations, and strategic investments. Sams will retain responsibility for sales, engineering, and manufacturing.

The Gardena, California-based company, which designs and manufactures direct-current power systems for telecommunications, data centers, defense, and other markets, said the restructuring is intended to support scalability and focus on financial discipline and product performance.

Mayer said in a statement: "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."