Yago Mendez takes over as CEO of Inzile

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The Board of Directors of Inzile AB (publ) (“Inzile”) has appointed Yago Mendez as CEO with immediate effect. Yago Mendez is Board Member of QEV Technologies in Barcelona and has been CEO of Spanish Amper Group, a MUSD 300 listed company.

- I am very honored by the trust of the Board and I am convinced that the future of Inzile depends on the internationalization of the company, specifically in the US market, and the undertaking of new business lines in dynamic sectors like hotels and small electric vehicles (SEV), says Yago Mendez.

Yago Mendez holds a Spanish degree in economics and business administration and a certificate in business management from Boston University, as well as an MBA from IESE Business School in Barcelona, Spain.

 - The Board of Directors welcomes Yago Mendez as new CEO and we are convinced that he is the right person to lead Inzile towards our new growth targets and international development, comments Ragnar Åhgren, Chairman of the Board of Inzile.

Former acting CEO Klas Åhgren has taken up a new position in Inzile as Manager for the new business area Hotel & Resort.

 - I am very happy to take on my new role of heading Inzile’s sales in this new exiting segment, starting in the Caribbean, says Klas Åhgren.  

As a consequence of this change in management, Board Member Måns Sjöstedt will take on a new interim position as General Manager for Inzile in Scandinavia. Måns Sjöstedt will operatively report to CEO Yago Mendez, while remaining on the Board.  

For further information, please contact:

Ragnar Åhgren, Chariman of the Board Inzile, ragnar.ahgren@inzile.com, +46 73 356 89 89

Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

About Inzile

Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating modern transport and service solutions for a sustainable community. The company’s vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.

Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia’s foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with headquarters and production facility located in Västervik, R&D in Tranås and marketing office in Stockholm.

The company's share is traded on Nasdaq First North Growth Market Stockholm.

Redeye AB is the Company’s Certified Adviser, +46 8 121 57 690, certifiedadviser@redeye.se.

For further information, please visit: www.inzile.com


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