Dan Hillén, new CFO at Swedish Stirling
Swedish Stirling AB has hired Dan Hillén as its new CFO and a member of the company’s management team. Dan has extensive experience from the CFO role and was most recently CFO of Alelion.
Clean-tech company Swedish Stirling has hired Dan Hillén as its new Chief Financial Officer (CFO). The recruitment is part of the plan to further strengthen the company’s internal competence in cost controlling as the company enters the mass production phase. Dan Hillén has more than 30 years of experience in the role of CFO, as well as finance manager and group controller, at several Swedish and international firms. Aside from running the company’s financial department, he will also play an essential role in developing the company’s financial solutions. Dan starts work on 1 October, and replaces the current CFO, Heléne Öqvist.
“Im really pleased to be able to secure Dan Hillén as the company’s CFO. As well as his extensive experience of developing and managing an organisation both from a financial process efficiency point of view and from a business controlling point of view, he is also immensely experienced in working with credit markets and at listed companies. As a company, we have a lot to gain from these experiences in our upcoming commercial expansion,” explains Gunnar Larsson, CEO of Swedish Stirling.
Swedish Stirling is in the midst of a wide-ranging commercialisation phase. In the spring, the company signed off on an order from Glencore for the installation of 10MW at the latter’s smelter in Lion in South Africa, a deal with an estimated sales value of SEK 413m. Earlier this year, the company also signed a letter of intent with German SMS Group for the introduction of the PWR BLOK onto the European market. The company will start to ramp up PWR BLOK production volumes at the Sibbhult factory in the autumn.
For further information please contact:
Sven Ljungberg, CCO, Swedish Stirling AB, +46 (0)31 385 88 30 ir@swedishstirling.com.
About Swedish Stirling AB
Swedish Stirling AB is a Swedish clean-tech company founded in 2008 with a mission to further refine the incomparable ability of Stirling technology to convert thermal energy to electricity. The company’s latest product – the PWR BLOK 400-F – is a unique proprietary solution for recycling energy from industrial residual and flare gases and converting these into 100% carbon-neutral electricity at high efficiency. According to an independent certification, the PWR BLOK is the cheapest way to generate electricity that exists today, yielding greater CO2 savings per krona invested than any other type of energy. Swedish Stirling AB is listed on Nasdaq First North Premier and FNCA Sweden AB is appointed Certified Adviser, +46(0)8-528 00 399, info@fnca.se. Read more at www.swedishstirling.com
This information is information that Swedish Stirling AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:00 CET on 23 September 2021.