Changes in Meltron's Board and managementThe Board of Directors of Meltron AB has decided to implement changes in the Company's management. The CEO of the Company, Ville Sistonen, resigns, and the current Chairman of the Board, Göran Lundgren, takes position as acting interim CEO of Meltron AB. In connection with these changes, Göran Lundgren steps down as Chairman but remains on the Board of Directors. The Board of Directors has appointed Elisabet Wahlman to direct the work as acting Chairman of the Board. Mikko Sola, current CFO, takes over as CEO of the Finnish operations in Meltron Oy. Moreover, Pekka Pättiniemi steps down from the Board of Directors of Meltron at his own request. - Meltron has for some time focused its efforts on marketing and sales, and partnerships with major international players are being developed, says Göran Lundgren. We now have to intensify these efforts whilst we also strengthen direct sales to major customers. The Board of Directors has reached the conclusion that Meltron is in need of a management with new impetus as well as a sharpened organization. The process to recruit a new long-term CEO has commenced.
Elisabet Wahlman was elected to the Board of Directors of Meltron in 2019. Today, Elisabet Wahlman serves as Chief Information Officer at Ramirent Group, a leading service company in the construction industry with operations in nine countries and part of the third largest equipment rental group in the world. Elisabet has focused on digitalization and change management also in previous senior roles in the management of Swedish and international groups. Elisabet has many years of experience of board work, and she has been the CEO of several smaller consultancy firms.
Mikko Sola took position as CFO at Meltron in December 2020. He holds an MBA from Tampere University and has a background in corporate and investment banking. Mikko has mostly worked for SEB in Finland (2008-2019), where he led a group of employees with customer responsibility for large enterprises and was part of the senior management of SEB Finland. In addition, Mikko has experience as management consultant, working with leading Finnish industrial companies across several countries.
- During his period at Meltron, Mikko has set the financial planning and reporting in good order. He has also been an active member of the senior management. His experience and drive will be essential for the work in the near future.
- Current CEO Ville Sistonen remains at the disposal of the Board of Directors and the management, and will first continue with a focused effort in Oman and certain countries in the Middle East, where the Company has been present for three years. We thank Ville Sistonen for his great dedication and all his efforts over a period of more than four years, says Göran Lundgren.
- We also thank Pekka Pättiniemi for the important contributions he has made on the Board of Directors for many years.
The Board of Directors will convene an extraordinary general meeting to elect a new member of the board when there is a proposal to consider. Stockholm, November 26, 2021 For more information, please contact:
Göran Lundgren, acting CEO
Tel: +46 70 467 40 40
Email: [email protected]
Meltron AB (publ)
Malmgårdsvägen 63, 116 38 Stockholm, Sweden.
Reg.no: 556988-9834. Website: www.meltron.com
This information is information that Meltron AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act and the regulatory requirements that govern the trading on NGM Nordic SME. The information was submitted for publication, through the agency of the contact person set out above, on 2021-11-26, at 08:30. This English version is published as a service; in case of discrepancies the Swedish version will prevail.
The following documents can be retrieved from beQuoted
Meltron Pressrelease 2021-11-26-EN.pdf About Meltron - "More than Just Light"
Meltron AB designs, manufactures and sells LED lighting solutions which are based on interdisciplinary application of electronics, optics, thermodynamics and nano-structures. "More Than Just Light" translates into energy savings, superior light quality, product life-time savings, increased productivity, safety and wellbeing. Meltron provides high quality solutions for the most demanding environments in infrastructure, industry, logistics and agriculture. Read more at www.meltron.com
Meltron's share is traded on NGM Nordic MTF under the ticker MLTR.
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