OX2 Appoints Finance Chief

Swedish Renewables Firm OX2 Appoints Finance Chief Ahead of Stockholm Delisting

OX2 Strengthens Leadership Team as it Prepares for Nasdaq Stockholm Listing

Swedish renewable energy firm OX2 has appointed Erik Nyberg as its new Chief Financial Officer (CFO), effective from 1st February 2023. Nyberg, a seasoned finance professional, will be responsible for overseeing the company’s financial strategies and operations as OX2 prepares for its upcoming delisting from Nasdaq Stockholm.

Nyberg Brings Extensive Finance Experience to OX2

Erik Nyberg joins OX2 from the Swedish financial services firm, Skandia Group, where he served as CFO for several years. Prior to that, Nyberg held various finance positions at companies such as Catena and Öresundskraft. His experience and expertise will be invaluable as OX2 navigates its next phase of growth and development.

CFO Role Critical for OX2’s Future Plans

As CFO, Nyberg will play a crucial role in shaping OX2’s financial strategy and planning, working closely with the company’s CEO and leadership team. His responsibilities will include overseeing financial reporting, budgeting, and capital management, as well as driving the company’s corporate finance and investor relations functions.

OX2’s Plans for Nasdaq Stockholm Delisting

OX2 announced its intention to delist from Nasdaq Stockholm in October 2022, citing the complexity and costs associated with the listing. The company intends to focus on its renewable energy projects and operations, rather than the costs and regulatory burdens associated with the listing.

Conclusion

The appointment of Erik Nyberg as OX2’s new CFO marks a significant milestone for the company as it prepares for its delisting from Nasdaq Stockholm. With Nyberg’s extensive finance experience, OX2 is well-positioned to navigate the complexities of its delisting and focus on its core renewable energy business.

Frequently Asked Questions

Q: What is OX2’s reason for delisting from Nasdaq Stockholm?
A: OX2 cited the complexity and costs associated with the listing as the reason for its delisting.

Q: Who is OX2’s new CFO?
A: Erik Nyberg, a seasoned finance professional with experience at Skandia Group and other companies.

Q: What are Nyberg’s responsibilities as CFO?
A: Nyberg will oversee financial reporting, budgeting, and capital management, as well as driving the company’s corporate finance and investor relations functions.

Q: What does this mean for OX2’s future plans?
A: The appointment of Nyberg as CFO marks a significant milestone for OX2 as it prepares to focus on its renewable energy projects and operations, rather than the costs and regulatory burdens associated with the listing.