New CEO at Minesto

February 03, 2016

The Board of Minesto AB has appointed current Chairman of the Board, Martin Edlund, as acting CEO of Minesto AB. Today Martin Edlund is leading the work of the Board and has a long experience of the company.

The appointment took place after Minestos current CEO, Anders Jansson decided to leave his position. Anders Jansson will remain as a resource for the company during his notice period. Anders Jansson, resigning CEO:

“After a fantastic journey, with ten years at Minesto and nine years as CEO, the company is now entering a new phase, industrializing the Deep Green. After a successful IPO in 2015 and a fully funded business plan, I feel that someone with a more extensive industrial background would be of better benefit to the company.”

Martin Edlund’s role as president will be temporary until the Board of Minesto has been able to identify and recruit a suitable successor.

Dr. Martin Edlund, new CEO:

”Minesto has during Anders’ management created a strong financial and technical base, that will further build the business in the years to come. With my background, as a Chairman with operational elements, I find it natural to be responsible to uphold the continuity of the on-going management until Anders’ successor is recruited.”

Because of Martin Edlund’s new role as CEO of Minesto AB, the board has decided to appoint Bengt Adolfsson as Chairman of the Board at Minesto AB.

Bengt Adolfsson, new Chairman of the Board:

“We would like to thank Anders Jansson for his time as CEO of Minesto. Anders has in a meritorious way paved the way for the current focus on technology development and future commercialization of Deep Green. We fully respect the choices that Anders has made, ​​and wish him all the luck in the future”

For additional information please contact: Martin Edlund Acting CEO and member of the board at Minesto AB, telephone +46 70 579 43 20

About Minesto

Minesto is a marine energy company whose mission is to minimize the global footprint of the energy industry by enabling commercial power production from low velocity tidal and ocean currents.

Minesto’s award winning and patented product, Deep Green, is the only proven marine power plant that operates cost efficiently in areas with low velocity currents.

In May 2015, Minesto secured a €13m investment from the European Regional Development Fund through the Welsh Government for the commercial rollout of Deep Green.

Minesto was founded in 2007 and is based in Gothenburg, Sweden, Anglesey, Wales and Northern Ireland. The major shareholders in Minesto are BGA Invest and Midroc New Technology. Anders Jansson is the company’s CEO. Read more about Minesto at
www.minesto.com.