Redwood Materials loses COO amid layoffs, restructuring

Redwood Materials' chief operating officer is retiring after being with the company since late 2023. He previously held the role of chief supply chain officer and was promoted to COO in 2024. The company has recently undergone restructuring, which included laying off around 10% of its workforce, and has signed deals with Rivian and Crusoe to provide refurbished batteries for grid storage. Other executives have also left the company in recent months.