Erik Oldmark appointed acting President and CEO of Nilar
Nilar International AB’s Board of Directors has appointed Erik Oldmark as acting President and CEO. Erik Oldmark will succeed Marcus Wigren who has previously informed the Board of his wish to step down as CEO. Erik Oldmark will join Nilar on August 30, 2021. Marcus Wigren will remain available at Nilar until the end of 2021.
Most recently Erik Oldmark has held the position as CEO of Metria AB, where he worked from 2016 to 2020. Erik has long industrial experience from different positions in Sweden and internationally, among others from Ericsson and Relacom. He holds an MSc from the Royal Institute of Technology, Stockholm.
”We are very pleased that Erik has agreed to join Nilar as acting CEO”, comments Nilar’s Chairman Michael Obermayer.” He has a strong background, including broad international operational and commercial experience and has proven transformational leadership. Erik will strongly contribute to the company’s journey towards commercialization and profitable growth. The Board also want to express its sincere thanks to Marcus for his long service and significant contributions to Nilar’s development.”
Erik Oldmark says,”Nilar is well positioned to capitalize on the strongly growing market for Electrical Energy Storage and is currently one of a few European fully integrated producers of advanced batteries. The global need for battery storage in residences, offices and factories is rapidly increasing. I look very much forward to lead Nilar’s continued growth journey, after its public offering in late April. I am confident that my experience from previous positions, together with Nilar’s team, will result in the company’s further rapid growth.”
For further information, please contact:
Michael Obermayer, Chairman of the Board
+46 70 911 98 82
Press contact:
Matilda Ekman Vråmo
+46 72 213 01 28
About Nilar
Nilar is a Swedish-based developer and manufacturer of stationary energy storage systems, so-called Electrical Energy Storage (ESS) systems. Energy storage systems can be used to bridge imbalances between energy production and demand in order to, for example, improve the utilization of intermittent electricity production from renewable energy sources, such as solar energy and wind power, as well as to strengthen the increasingly strained power grids. Nilar's battery technology is based on nickel-metal-hydride (NiMH) electrochemistry with a water-based electrolyte, which results in a strong environmental and safety profile together with a competitive price over a life cycle. The Company is headquartered in Täby and the energy-efficient production facility is, since 2012, located in Gävle, where the Company's research and development also takes place.
The Nilar share is listed at Nasdaq First North Premier Growth Market, ticker NILAR. FNCA Sweden is Certified Adviser +46 8 528 00 399. For more information go to www.nilar.com.