Jørgen Krogh new interim CEO of Nilar International AB
The Board of Nilar International AB has appointed Jørgen Krogh as the new interim president and CEO. Jørgen Krogh has more than 20 years of leadership positions, focusing on sales and business development. With a background from Ymer Technology AB, Buccma Energy and Olaer, Jørgen Krogh has experience from developing and turning companies around within the energy sector.
- Jørgen Krogh has repeatedly exhibited strong leadership capabilities, and the ability to convert technology into commercial success. This also constitutes an important step in the strategic review being carried out by the Board in order to secure the company’s financing. We look forward to continuing our close cooperation in the future, says Gunnar Wieslander, Chairman of the Board of Nilar International AB.
Jørgen Krogh will assume the role with immediate effect and is tasked with implementing changes aimed at increasing Nilar’s profitability. The Board also initiates a process to find a permanent CEO for Nilar.
- My primary focus is to quickly bring the company to profitability. Nilar has developed an innovative new technology with great upside potential. Now it’s time to prioritize the market. This is a journey that I look forward to making along with the strong team at Nilar, says Jørgen Krogh, new interim CEO of Nilar International AB.
Erik Oldmark leaves his role as CEO of Nilar to take on new challenges and opportunities. The Board wishes to express its gratitude to Oldmark for his valuable contributions which have moved Nilar many steps forward.
Contact:
Gunnar Wieslander, chairman of the board
[email protected]
+46 70-755 15 70
About Nilar:
Swedish-based Nilar International AB develops and manufactures batteries that are part of stationary energy storage systems. With better energy storage, society can support the increasingly stressed electricity grid by bridging imbalances between energy production and demand, especially important as the share of renewable energy sources increases. Nilar's battery technology is based on nickel metal hydride (NiMH) electrochemistry with a water-based electrolyte, which provides higher safety while allowing the components to be recycled and reused. Nilar has its headquarters in Täby and since 2012 all batteries have been developed and produced in the production facility in Gävle, which is powered by 100% renewable energy.
The Nilar share is listed on the Nasdaq First North Premier Growth Market under the ticker NILAR. FNCA Sweden is Certified Adviser. For more information see www.nilar.com.
This information is information that Nilar International AB (publ) is obliged to make public pursuant to the (EU) 596/2014 Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at the time stated by the Company's news distributor Cision at publication of this press release.
