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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

Board member at Kapitalförvaltning Ekeby AB

Previous assignments

Chairman of the board at IV Produkt Aktiebolag. 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.Board member at Ekeby Invest AB. 

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

Shareholding in the company

623,040 shares (directly and through company) and 100,000 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

9,350 shares, 40,000 warrants, and 300,000 warrants through Masen.

Carol Browner

Born 1955. Board member since 2021.

Education

Doctor of Jurisprudence, University of Florida College of Law.

Other current assignments

Senior Counselor, Albright Stonebridge Group. Chair of Sustainability Committee, Bunge Limited. 

Previous assignments

Director, Office of Energy and Climate Change Policy, US Government. Administrator, Environmental Protection Agency, US Government. Board member, Innovyze.

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

Shareholding in the company

300,000 call options issued by the company's main owner.

Elaine Weidman Grunewald

Born 1967. Board member since 2021.

Education

M.A. International Relations; M.A. Resource and Environmental Management, Boston University.

Other current assignments

Board Member, European Sustainable Growth Acquisition Corp. Board Member, Sweco.

Previous assignments

Senior Vice President and Chief Sustainability and Public Affairs Officer Ericsson AB. Founder, AI Sustainability Center. Senior Advisor, Zunum Aero.

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

Shareholding in the company

300,000 call options issued by the company's main owner.

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

18,285,060 shares (directly, through companies and via related parties).

Hans Ola Meyer

Born 1955. Board member since 2021.

Education

Degree in Economics and Business Administration, Stockholm School of Economics. 

Other current assignments

Board member at Electrolux Professional AB.

Previous assignments

Chief Financial Officer, Atlas Copco AB, 1999 - 2021; Vice President PM Fondkommission AB/JP Bank, 1987 - 1991

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

Shareholding in the company

300,000 call options issued by the company's main owner and 40,000 warrants.

Pär Nuder

Born 1963. Board member since 2012.

Education

Master of Laws, Stockholm University.

Other current assignments

Chairman of the board at Aimo Holding AB, Tapetlagret Öbergs Färghus i Västerås Aktiebolag and Hemsö Fastighets AB. Board member at TPPG The Perimeter Protection Group AB, 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 Board member at Beijerinvest Aktiebolag, 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

717,546 shares (directly and through companies). and 40,000 warrants 

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 and Landsort Care 4 AB. Board member at Bertil Villard Holding AB, Polaris Management A/S, Polaris Invest II ApS, Polaris II Invest Fonden, iCoate Medtech AB and Greta Hamiltons Familjestiftelse. 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, Landsort Care 3 AB and Rabbalshede Kraft AB (publ). Board member at, Prior & Nilsson Fond- och Kapitalförvaltning Aktiebolag, 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

1,038,000 shares (directly and through companies) and 40,000 warrants.

Management team

Jonas Eklind (Chief Executive Officer)

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

-

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, Advanced Stabilized Technologies Group AB, ASTGW AB, Advanced Inertial Measurement Systems Sweden AB, Chairman of the Board at Shapeline AB

Shareholding in the company

71,500 shares and 5,750,000 warrants.

Fredrik Wäppling (Chief Financial Officer)

Fredrik Wäppling

Born 1971. CFO since 2020.

Education

University degree in business administration and economics, Karlstad University.

Other current assignments

Board member and owner of F. Wäppling AB. Chairman of the board at Fiorista AB.

Previously (last 5 years)

Group CFO at Nordrest. Interim Treasury Advisor at NREP. Interim CFO at Allgon Group. Interim Treasury Advisor at Mycronic. IPO Project Manager at iZettle. Treasury Advisor at Preem AB. Interim Treasury Advisor Manager at Oscar Properties.

Shareholding in the company

8,662 shares and 525,000 warrants

Jonas Wallmander (Executive Vice President)

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

1,117 shares and 200,000 warrants.

Peter Gabrielsson (Chief Operating Officer)

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

5,000 shares and 500,000 warrants.

Torbjörn Lindqvist (Chief Technical Officer)

Torbjörn Lindquist

Born 1969. CTO since 2017.

Education

Ph.D. Energy Science Lund University, M. Sc. Mechanical Engineering, Lund University. 

Other current assignments

-

Previously (last 5 years)

-

Shareholding in the company

1,581 shares and 470,000 warrants.

Ralf Wiesenberg (VP Business Development)

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 400,000 warrants.

Lars Murgård

Lars Murgård

Born 1964. VP Development since 2021.

Education

MSc in Mechanical Engineering, Lund University of Technology.

Other current assignments

-

Previously (last 5 years)

Chief Program Engineer, Powertrain Systems Engineering, and Director, Chassis Engineering at Jaguar Land Rover. Vice President, Powertrain Integration at CEVT AB.

Shareholding in the company

2,667 shares