Deepak Ahuja, who served as Tesla’s chief financial officer for 11 years across two separate stints, is joining Redwood Materials as CFO. The move reunites him with Tesla co-founder and former CTO JB Straubel.

The hire comes at a pivotal moment for Redwood, which recently laid off 10% of its workforce and lost several senior executives as it restructures around a fast-growing energy storage business.

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