Redwood Materials loses COO amid layoffs, restructuring
Redwood Materials' COO Chris Lister is retiring amid company restructuring and layoffs, with the company having recently cut around 10% of its workforce. Redwood has signed deals with Rivian and Crusoe to provide refurbished batteries for grid storage.
Redwood Materials' chief operating officer Chris Lister is leaving to retire. Lister joined Redwood in late 2023 as chief supply chain officer and was promoted to COO in 2024. The company recently laid off around 10% of its workforce, or roughly 135 employees, as part of a restructuring to support its growing energy storage business. Redwood has signed deals with Rivian and Crusoe to provide refurbished batteries for grid storage. Other executives, including Bradley Mayhew, Guillermo Urquiza, and Carlos Lozano, have also left Redwood in recent months. Redwood CEO JB Straubel stated that the restructuring aims to reduce management layers and deliver on critical projects with a smaller, more focused team.
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