18 March 2024

Soltech Energy – the Nomination Committee proposes Stefan Ölander as new Chairman of the Board

The Nomination Committee of Soltech Energy Sweden AB (publ) (“Soltech”) has decided to propose the current CEO Stefan Ölander as the new Chairman of the Board at the Annual General Meeting on May 21. Furthermore, the Nomination Committees work continues and proposals for all Board members will be published in connection with the notice for the Annual General Meeting.

As announced earlier today, the Board of Directors has decided to appoint Soltech’s COO Patrik Hahne as the new CEO of Soltech Energy with start April 2, 2024.

Comment from Soltech’s CEO, Stefan Ölander:

– Five years ago, a new strategy was set with the goal of becoming one of the largest companies in the solar energy industry. The business has been focused on being a full-service supplier of solar energy and related businesses. This has been achieved through the acquisition of approximately thirty companies in the solar energy, roofing, electrical engineering, and façade industries. With Soltech’s support, we transform the traditional companies into sustainable companies of the future by adding solar energy solutions to their offering. With this strategy, Soltech has grown both organically and through acquisitions to be a group with approximately SEK 3,000 million in revenue, a positive EBITA and approximately 1,000 employees in three markets in 2023. It therefore feels like a natural time for a change of CEO. I have a strong belief in Soltech’s vision and strategy and my commitment to Soltech is long-term. I will remain as one of the largest shareholders in Soltech and my intention is to take on the role of Chairman of the Board if the Annual General Meeting entrusts me to take it on. I also hope to get the boards mandate to work part time with acquisitions, financing as well as brand and communication issues, in addition to the role as chairman.