Oslo, 20 December 2021 - As Kyoto Group is transitioning into an ambitious
growth phase, several changes are made to the executive management team.
Chief Executive Officer Christopher Kjølner will step down to pursue other
opportunities outside Kyoto. Kjølner will be available to the company for advice
during the transition phase. The effective date of departure will be today.
Chief Financial Officer Camilla Nilsson takes over the role as interim CEO as of
today and until a new permanent Chief Executive Officer is in place.
"Christopher joined as Kyoto Group CEO to lead the thermal battery
commercialization, and he has delivered on this task, including the signing of
the first commercial Heatcube contract. Under his leadership, the company has
taken key steps to mature the technology and prove its commercial potential. I
would like to thank Christopher for his strong commitment and for the results
achieved during his time in Kyoto Group," says Kyoto Group Chairman Eivind
"I wish the Kyoto team all the best as they continue to commercialize the
company's exciting technology. I am confident that the company will play an
important role in transitioning industry away from fossil fuels," says
Strengthens management team with experienced executives
To add to the company's growth momentum and increase focus on building pipeline,
Kyoto Group is happy to announce the strengthening of the management team with
several new hires for the following positions:
Susanne Vinje comes from the role of Head of Logistics with Hydro and will join
the Kyoto Group Management Team in April 2022 as EVP Sourcing & Supply Chain.
To support the growing Kyoto organization, Henrik Holck-Clausen will join as
Director People and Culture from February 2022, coming from the position as Vice
President of Human Resources of Schneider Electric.
In addition to the two new hires, Head of Procurement Peter Iversen takes on the
permanent position as Head of Procurement. Interim CTO Bjarke Buchbjerg will
become permanent as CTO.
"We are proud to announce these strong industry names for our management team.
Having their extensive experience and industry knowledge on board, I am
confident that Kyoto Group can deliver on our strategy and growth ambitions,"
says Mr. Reiten.
Former CEO of Quantafuel Kjetil Bøhn will act as special advisor to support the
management team on business development and commercial roll-out. In the coming
weeks, several additional strong technical and commercial candidates are to be
For additional information, please contact:
CFO and interim CEO Camilla Nilsson +47 48 29 56 85 or email@example.com
Chairman of the Board Eivind Reiten +47 915 52 245 or firstname.lastname@example.org
About Kyoto Group
Kyoto Group aims to capture and manage the abundant energy from variable
renewable sources such as solar and wind power and apply it to reduce the CO2
footprint for industrial thermal loads. The Company plans to lease & operate and
sell Heatcube thermal batteries with capacity from 5MW, enabling industrial
consumption of low-cost heat sourced from excess solar and wind energy.
This information is considered inside information pursuant to the EU Market
Abuse Regulation and is subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange release
was published by Camilla Nilsson, CFO and interim CEO of Kyoto Group on
20.12.2021 at 08:00.