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Organization

Knowledge builds value

How come a small company from Sweden can find a solution to one of the world’s greatest energy challenges? It’s obviously due to many different factors, but the most important one is undoubtedly: The people.

The management team at Azelio has been evolving and perfecting the Stirling engine technology for some 25 years. And we have recruited our core competences from the Nordic automotive and aerospace clusters as well as from the international research community. Personal commitment and a genuine wish to shape the future of sustainable energy, builds a team spirit that makes remarkable results.

It really doesn’t matter if you are a dedicated service technician on the factory floor, or the former Swedish minister of finance on our blue-chip level board, everyone plays an equally important part in Azelio’s way forward.

The Board of directors

Bo Dankis

Born 1954. Chairman of the board since 2011.

Education

Master of Science, Industrial Engineering and Management, Institute of Technology at Linköping University.

Other current assignments

Chairman of the board at IV Produkt Aktiebolag. Board member at Ekeby Invest AB and Kapitalförvaltning Ekeby AB. Deputy board member at IV Produkt Holding AB and IV Produkt Holding Sweden AB.

Previous assignments

Chairman of the board at Gadelius Holding, Business Sweden and Perstorp. Board member at Gunnebo AB and ASSA ABLOY AB. CEO Perstorp and ASSA ABLOY AB. Country manager ABB Japan.

Independent of the company and senior executives / the Principal owner: No / Yes

Shareholding in the company

327,638 shares and 940,000 warrants.

Mattias Bergman

Born 1966. Board member since 2017.

Education

Executive MBA, Copenhagen Business School. Master of Science in Business and Economics, Stockholm University.

Other current assignments

CEO and board member at BIL Sweden Adm AB. Chairman of the board at Odette Sweden AB, board member at NeoNode Inc.

Previous assignments

CEO and board member at National Electric Vehicle Sweden AB and Attaro Consulting AB. Chairman of the board at ReformTech Heating Technologies AB. Board member of Automobile Property AB, Automobile Laboratory Sweden AB, Automotive Interior Parts Sweden AB and Automobile i Trollhättan nr 2 AB.

Independent of the company and senior executives / the Principal owner: Yes / Yes

Shareholding in the company

7,500 shares and 600,000 warrants.

Hicham Bouzekri

Born 1973. Board member since 2018.

Education

Degree in Electronics and Communications, Ecole Mohammadia d’Ingénieurs, Morocco. MSc University of Florida, Gainesville, Florida, USA. PhD in Electrical Engineering, Texas A&M University, College Station, Texas, USA.

Other current assignments

Director of Research and Development, Industrial Integration at Masen. Founder and principal shareholder of Microtronix.

Previous assignments

CEO of MASciR.

Independent of the company and senior executives / the Principal owner: No / Yes

Shareholding in the company

No shares but 300,000 warrants.

Sigrun Hjelmquist

Born 1956. Board member since 2019.

Education

Master of Science & Licentiate of Technology, Engineering Physics, Royal Institute of Technology, KTH, Stockholm

Other current assignments

Chairman of the board at Facesso AB. Board member at Addnode Group Aktiebolag (publ), Eolus Vind Aktiebolag (publ), Edgeware AB (publ), Ragn-Sellsföretagen AB, Transcendent Group AB (publ), IGOT Ab and Teqnion AB.

Previous assignments

Chairman of the board at ALMI Stockholm Investeringsfond AB, ALMI Invest Östra Mellansverige AB, ALMI Invest Stockholm AB, Fouriertransform Aktiebolag and Nordic Iron Ore AB. Board member at Clavister Holding AB, Saminvest AB, Silex Microsystems AB and Bluetech Aktiebolag,

Independent of the company and senior executives / the Principal owner: Yes / Yes

Shareholding in the company

60,000 series D warrants.

Kent Janér

Born 1961. Board member since 2016.

Education

Master in Economics, Stockholm School of Economics.

Other current assignments

Chairman of the board at Frost Asset Management AB. Board member at Nektar Asset Management AB, Brummer & Partners AB, Blue Marlin AB, Eastfort Asset Management Ltd, Eastfort Dynamic Master Fund and Eastfort Dynamic Feeder Fund.

Previous assignments

Chairman of the board and board member at Honung AB and Namint AB.

Independent of the company and senior executives / the Principal owner: Yes / No

Shareholding in the company

11,358,390 (directly, through companies and via related parties).

Pär Nuder

Born 1963. Board member since 2012.

Education

Master of Laws, Stockholm University.

Other current assignments

 Chairman of the board at Tapetlagret Öbergs Färghus i Västerås Aktiebolag and Hemsö Fastighets AB. Board member at Beijerinvest Aktiebolag, Dabok AB and Dabok Advisory AB. Deputy board member at Dabo Idé AB.

Previous assignments

Chairman of the board at Sundbybergs stadshus AB, I&P Förvaltning AB, Fjällförsäkringar AB, SkiStar Aktiebolag, Fjällförsäkringar AB, AMF Pensionsförsäkring AB and Tredje AP-fonden. Board member at Swedegas AB, IP-Only AB, Nyx Security AB, Knubbsäl Midholding AB, STEN HECKSCHER AB, Knubbsäl Holding AB, Narob TopHolding AB, Nyx Group AB, Business Challenge AB, IP-Only Holding AB, Fabege AB and Åre 2019 AB.

Independent of the company and senior executives / the Principal owner: Yes / Yes

Shareholding in the company

339,879 shares and 303,200 warrants (through companies and via related parties).

Lars Thunell

Born 1948. Board member since 2018.

Education

Ph.D. in Political Science, Stockholm University.
Research assistant, Harvard University, Cambridge, Massachusetts,
USA.

Other current assignments

Chairman of the board at Björnberget Fastighetsförvaltning AB, Jaktfågeln Holding AB, LHT Konsult AB, LHT Invest AB and ECODC AB. Board member at Björnberget Residens AB, Björnberget Drivhus AB, Björnberget Lägenheter AB, Björnberget Produktion i Åre AB, Björnen By AB, Åre-Svedje 1:433 AB and Sadeln Restaurangutveckling AB. Deputy board member at Sadeln Fjällgården Linbane AB and FOLT Holding AB.

Previous assignments

Chairman of the board at Africa Risk Capacity Ltd, Björnen By AB and Flexenclosure AB (publ). Board member at Hermelinbacken 1 AB, Slutplattan LEMRO 101383 AB, Slutplattan LEMRO 101407 AB, Åre-Svedje 1:401 AB, Slutplattan PLASI 103648 AB, Standard Chartered Bank, Kosmos Energy, Fisterra, Global Water Development, Access Health International, eSite Power System AB and Middle East Investment Initiative. Senior Advisor to Blackstone and Advisor to Africa Development Bank.

Independent of the company and senior executives / the Principal owner: Yes / Yes

Shareholding in the company

235,000 shares and 3,300,000 buy options.

Bertil Villard

Born 1952. Board member since 2010.

Education

Master of law, University of Stockholm

Other current assignments

Chairman of the board at Strax AB, Landsort Care 3 AB and Landsort Care 4 AB. Board member at Prior & Nilsson Fond- och Kapitalförvaltning Aktiebolag, Bertil Villard Holding AB, Polaris Management A/S, Polaris Invest II ApS, Polaris II Invest Fonden and iCoate Medtech AB. Deputy board member at Tengroth & Co AB, Alltid Oavsett AB, CJMGB Förvaltning AB and PPRD Nordic AB.

Previous assignments

: Partner and external company signatory at the law firm Advokatfirman Vinge Aktiebolag. Chairman of the board at Landsort Care AB, Landsort Care 2 AB and Rabbalshede Kraft AB (publ). Board member at ECODC AB, Gränges AB, Mercuri International Group AB, SamSari Aktiebolag, Auriant Mining AB and Samsari Act Group AB. Deputy board member at Voddler Sweden AB.

Independent of the company and senior executives / the Principal owner: Yes / Yes

Shareholding in the company

654,941 shares, 300,000 warrants and 50,000 buy options (directly and through companies).

Management team

Jonas Eklind

Born 1963. CEO since 2015.

Education

University degree in physics and biotechnology, Uppsala University. Diploma in practical Swedish and communication, Uppsala University. Diploma in leadership in technological companies, ManTech IFL Executive Education, Stockholm School of Business. IHM-diploma in business administration, Market economist, IHM Business School.

Other current assignments

Chairman of the board at Shapeline AB. Board member and owner of Deep Powder AB. Board member at Cleanergy AB, Advanced Stabilized Technologies Group AB, ASTGW AB, Advanced Inertial Measurement Systems Sweden AB and Nordic New Energy Partners Ekonomiska Förening.

Previously (last 5 years)

CEO and board member at Woodeye AB. CEO of Innovativ Vision Holding Aktiebolag. Board member and deputy board member at Dendro Fortune AB. Board member at Vita Vonni AB.

Shareholding in the company

33,000 shares and 5,232,500 warrants.

Kennet Lundberg

Born 1957. CFO since 2018.

Education

Executive MBA, University of Gothenburg School of Business, Economics and Law.

Other current assignments

Board member and owner of Kennet Lundberg AB. Board member and partner at Chamber Group Sweden AB, Lecka Alpha Trading GP Ltd and Stella Analytics Ltd. Board member at Lecka Alpha Trading LP. Deputy board member at Cleanergy AB.

Previously (last 5 years)

Vice President and CFO at Xellia Pharmaceuticals ApS. CFO of Real Holding i Sverige AB (publ). Board member at Victor Hasselblad Aktiebolag, Hasselblad Aktiebolag, Troax Group AB (publ) and Intalco Intressenter AB.

Shareholding in the company

10,000 shares.

Jonas Wallmander

Born 1976. Executive VP since 2017.

Education

Master of Science in Engineering, Mechanical Engineering, Linköping University of Technology.

Other current assignments

-

Previously (last 5 years)

VP Partners & Collaborations at Azelio.

Shareholding in the company

617 shares and 2,000,000 warrants.

Peter Frie Gabrielsson

Born 1973. VP Operations since 2019.

Education

BSc in Civil engineering, University of Jönköping.

Other current assignments

-

Previously (last 5 years)

Regional Manager, Lindbäcks Bygg AB. VP Projects at Apply Emtunga AB.

Shareholding in the company

200,000 warrants.

Ingemar Hagberg

Born 1970. VP Manufacturing since 2019.

Education

Practical Project Management, Process Development and Ergonomics, Lean Production, Continuous Improvement, 6-Sigma Green Belt, all training courses within Volvo Cars.

Other current assignments

-

Previously (last 5 years)

Senior Project Manager at Azelio, Project Manager Pininfarina Sweden, Manufacturing Engineer Pininfarina Sweden, Production Engineer Pininfarina Sweden

Shareholding in the company

1 share and 300,000 warrants.

Torbjörn Lindqvist

Born 1969. CTO since 2017.

Education

Ph.D. in Energy Technology, Mechanical Engineering, Lund University of Technology. Master of Science in Engineering, Mechanical Engineering, Lund University of Technology. 

Other current assignments

-

Previously (last 5 years)

-

Shareholding in the company

1,000 shares and 2,000,000 warrants.

Dr. Ralf Wiesenberg

Born 1969. VP Business Development since 2018.

Education

Ph.D. in Engineering and a Master’s degree in Energy Engineering, Department of Energy Systems, Technical University of Berlin.

Other current assignments

Sole administrator and owner of Lifecycle Associates S.L.

Previously (last 5 years)

CEO of ÅF Aries Energia S.L. and Sun to Market Solutions S.L.

Shareholding in the company

3,180 shares and 200,000 warrants.

Jonas Karlsson

Born 1970. VP Development since 2017.

Education

Master of Science in Engineering, Mechanical Engineering, Chalmers University of Technology.

Other current assignments

-

Previously (last 5 years)

VP Projects at Azelio.

Shareholding in the company

5,000 shares and 2,000,000 warrants.