Changes in management: CFO André Fehrn steps down to be replaced by Wiktor Budziosz

Company announcement no. 18-24
Copenhagen, April 22, 2024

This message contains inside information.

Shape Robotics and its former CEO, André Fehrn, have mutually agreed to part ways by the end of May 2024. Shape Robotics has named Polish national Wiktor Budziosz as its new CFO. Wiktor Budziosz currently holds the position of CFO at the recently acquired Polish company, Skriware, and will from now serve as the Group CFO for Shape Robotics ensuring the continued financial steering of the company.

Wiktor Budziosz, an alumnus of Krakow University of Economics with a Master's degree, is renowned for his expertise in B2G sales and navigating European funding processes. Prior to his role as CFO at Skriware, he honed his skills at EY and KPMG. Known for his ambitious and growth-driven approach, Wiktor is set to take on the role of CFO at Shape Robotics. As the company expands into new markets, his ability to represent Shape Robotics on an international stage and across various time zones will be pivotal. His deep understanding of B2G sales and European funding will be instrumental in steering the company through this phase of growth and market penetration

On March 25, Shape Robotics announced a restructuring of its management team, appointing Mark Abraham, the former Sales Director, as the new CEO, while André Fehrn at that time assumed the role of CFO.

Although the official transition of CEO was initially scheduled for May 1st to allow for a proper handover period, Mark Abraham has been effectively acting as CEO both externally and internally for the past few weeks under a power of attorney granted by the Board of Directors. As a result, a smooth and aligned change in leadership will now occur at the earliest possible opportunity.

“I would like to express my gratitude to André Fehrn for his many contributions to Shape Robotics. Since joining as one of our earliest team members in 2017, André has played a pivotal role in numerous milestones, including acquisitions, overseeing our listing on First North and subsequently on the Nasdaq Main Market. His leadership has been greatly admired by both employees and board members alike. We genuinely appreciate his dedication and the achievements he's made within the organization, wishing André all the best in his future endeavors,” says Jeppe Frandsen, Chairman of the Board.

The Board of Directors wishes to emphasize that André Fehrn's departure is the result of a mutual agreement, underscoring his impressive accomplishments and contributions to Shape Robotics, which have been met with satisfaction. Therefore, this decision aligns with Andrés personal preferences, focusing more on work-life balance and dedicated family time. The Board expresses confidence in the newly appointed management team, possessing the requisite competencies to steer the company towards future success.

André Fehrn will continue his tenure with the company until the conclusion of May, facilitating an orderly transition to Mark Abraham and Wiktor Budziosz. Moreover, André Fehrn will actively partake in the Annual General Meeting slated for April 29th.

Additional information
Jeppe Frandsen, Chairman
Tlf.: +45 20 55 40 44
Email: ir@shaperobotics.com
CVR-nr. 38322656
www.shaperobotics.com 

[Company Announcement]

Financial Calendar
April 29, 2024    Ordinary General Meeting
May 21, 2024     Interim Report Q1