Polar Power Appoints Chris Mayer as Co-Chief Executive Officer

Polar Power Appoints Chris Mayer as Co-CEO Effective October 6, 2026, With Arthur D. Sams Continuing as Co-CEO and President

Polar Power, Inc. has appointed Chris Mayer as Co-Chief Executive Officer, effective October 6, 2026. Mayer will serve alongside Arthur D. Sams, who continues as Co-CEO and President, with each executive overseeing specific areas of the company’s business.

Mayer will be responsible for corporate strategy, financial performance, budgeting, profitability, fundraising, investor relations, capital markets and strategic investments. His responsibilities will focus on the company’s financial and strategic direction.

Sams will continue to lead operational functions, including product and technology development, engineering, manufacturing, supply chain, quality, customer relationships and commercialization. The two Co-CEOs will jointly oversee product and technology strategy as well as sales and customer relations. The company’s Board of Directors will determine the management of jointly handled matters or resolve any disputes regarding responsibilities.

Mayer is the managing member of CL Investment Group LLC and holds voting and dispositive authority over the Polar Power securities owned by the investment entity. Mayer and Polar Power director Lewis Wilks each hold a 50% ownership interest in CL Investment Group.

Polar Power stated that it has not entered into any compensation arrangement with Mayer in connection with his appointment. The company also confirmed that Sams’ compensation will remain unchanged following the leadership transition.

The appointment establishes a shared executive leadership structure at Polar Power, with strategic and financial responsibilities assigned to Mayer and operational leadership remaining with Sams.