Sivers Semiconductors recruits Lottie Saks as new CFO

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Sivers Semiconductors ("Sivers") announces today that Sivers has recruited current board member Lottie Saks as its new CFO. She assumes her new role in June.

Lottie Saks has a long and broad experience of leading financial roles in companies with significant international presence as well as from listed companies on Nasdaq Stockholm's main list. Lottie Saks most recently came from the role of CFO at Haldex and previously Cint. Before that, she worked for five years as CFO at OneMed. She has previously held leading positions at, among others, OMX Technology Financial Markets and Johnson & Johnson. She began her career in auditing at Arthur Andersen. Lottie Saks has been on the board of Sivers for almost three years and is chairman of the audit committee. She will leave these posts when she takes up her new role in June. She succeeds Håkan Rippe, who will leave the company in July 2023.

"I am very happy to welcome Lottie to the role of CFO at Sivers. Her previous experience from Sivers as well as broad experience from international companies will be very valuable in our continued work to develop Sivers into a very successful international semiconductor company. Lottie will be an important part in continuing to drive growth and profitability, and I very much look forward to working with her. At the same time, I want to thank Håkan Rippe for his solid contribution during his nearly two years at Sivers," said Anders Storm, president and CEO of Sivers.

"It is an honor to take over the CFO role at Sivers in this situation. Sivers is on an impressive growth journey and addresses a large number of megatrends, all of which have very large potential. I am really looking forward to contributing to the company's growth journey", said Lottie Saks, incoming CFO of Sivers.

For more information please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
E-mail: anders.storm@sivers-semiconductors.com

Sivers Semiconductors AB is a leading and internationally recognized technology company that supplies ICs and integrated modules through its two business areas Wireless and Photonics. Wireless develops mmWave products for advanced 5G systems for data and telecommunications networks and satellite communication. The portfolio includes RF transceivers, beamforming front end ICs, integrated mmWave antennas, repeaters, and software algorithms for optimum mmWave RF performance. Photonics develops and manufactures semiconductor based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi). The company is listed on Nasdaq Stockholm under SIVE. The head office is located in Kista, Sweden. For more information: http://www.sivers-semiconductors.com    

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Quotes

I am very happy to welcome Lottie to the role of CFO at Sivers. Her previous experience from Sivers as well as broad experience from international companies will be very valuable in our continued work to develop Sivers into a very successful international semiconductor company. Lottie will be an important part in continuing to drive growth and profitability, and I very much look forward to working with her. At the same time, I want to thank Håkan Rippe for his solid contribution during his nearly two years at Sivers
Anders Storm, president and CEO of Sivers
It is an honor to take over the CFO role at Sivers in this situation. Sivers is on an impressive growth journey and addresses a large number of megatrends, all of which have very large potential. I am really looking forward to contributing to the company's growth journey
Lottie Saks, incoming CFO of Sivers.