Just three days before the announcement of American restructuring, Northvolt’s then CEO Peter Carlsson held an extraordinary general meeting of Northvolt Ett AB, the subsidiary that runs the Skellefteå factory.
It was Carlsson himself who opened the meeting, appointed himself chairman, kept the minutes and represented 100 percent of the shares, all of which are owned by Northvolt.
At the meeting, according to the minutes, it was decided to appoint Paul O’Donnell as the new chairman of the board.
For that assignment, O’Donnell receives SEK 396,000 a month.
This is shown by SVT’s review of the documents to the bankruptcy court in Texas, where Northvolt must now report expenses for salaries and fees to get the reconstruction through.
Worked during Barack Obama’s presidency
And the parent company Northvolt AB is, according to the court documents, about to bring in a real American heavyweight as a member of the board: Financier Stefan Selig.
Stefan Selig has previously, among other things, held a high position in the Department of Commerce during Barack Obama’s presidency, and was in the management of Bank of America. He is already employed as an adviser to the board.
According to the documents, Selig receives SEK 660,000 a month.
In addition to the fixed allowances, both receive SEK 55,000 per day – for every day they spend four hours or more on Northvolt.
Debt to the board: SEK 1.8 million
The compensation to external members who are already on the board is a total of SEK 220,000 per quarter.
But these have not been paid since June – and Northvolt therefore owes four people a total of just over SEK 1.8 million.
Northvolt does not want to comment on the data.