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Arrival Announces Mr. F. Peter Cuneo Appointed as Interim CEO; Mr. Denis Sverdlov Appointed as Chairman of the Board; Departure of Mr. Avinash Rugoobur as President and Chief of Strategy; Mr. Rexford Tibbens Appointed as Chairman of the Strategic Planning and Operations Committee

LUXEMBOURG, Nov. 24, 2022 (GLOBE NEWSWIRE) -- Arrival (NASDAQ:ARVL) (the "Company"), announces that Mr. F. Peter Cuneo has been appointed as Interim Chief Executive Officer. Mr. Cuneo stated, "I intend to bring the