Fredrik Wäppling leaves as CFO of Azelio

Fredrik Wäppling, who has been Azelio's CFO since 2020, is leaving the company. Eva Ramström takes over as acting CFO.

Azelio and Fredrik Wäppling have agreed that Fredrik's position as the company's CFO will end. As of today, Eva Ramström takes over as acting CFO. Until today, Eva has been Azelio's Finance manager and thus knows the company and the business very well. She has the understanding of the company's goals, plans, and challenges, as well as the right skills and experience, which guarantees a rapid start, maintained continuity, and efficiency in the work.

“I want to thank Fredrik for his great commitment and good efforts during the time he has been in the company. I would also like to thank Eva for agreeing to shoulder the responsibility as acting CFO of Azelio. With her solid competence and many years of experience, including as CFO of several companies, I feel confident that Eva will handle this assignment in an excellent way,“ says CEO Jonas Wallmander.

The process to nominate a permanent CFO starts immediately.

For more information please contact:

CEO Jonas Wallmander

Tel: +46 708 870 878
E-mail: ir@azelio.com

 About Azelio 

Azelio specializes in energy storage with the production of electricity and heat. The technology is revolutionary in that the energy becomes controllable, which can make renewable energy available around the clock. The energy is stored in recycled aluminium, from where it is converted into electricity and heat with a total efficiency of up to 90 percent. The solution is scalable, environmentally friendly, and cost-effective from 0.1 MW up to 20 MW. Azelio has about 200 employees with headquarters in Gothenburg, production in Uddevalla and development centres in Gothenburg and Åmål, as well as presence in Stockholm, Brisbane, Cape Town, Madrid and Ouarzazate. Azelio's share is traded on Nasdaq First North Growth Market with FNCA Sweden AB as Certified Advisor: 08-528 00 399, info@fnca.se. More about Azelio: www.azelio.com