REG - CAP-XX Limited - Appointment of new Chief Executive Officer

CAP-XXAnnouncement

11/05/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230511:nRSK0005Za&default-theme=true

RNS Number : 0005Z  CAP-XX Limited  11 May 2023

Dissemination of a Regulatory Announcement that contains inside information
for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310.

 

11 May 2023

CAP-XX Limited

("CAP-XX" or "the Company")

Appointment of new Chief Executive Officer

 

The Board of CAP-XX is pleased to announce the appointment of Lars Stegmann as
Chief Executive Officer.

Mr Stegmann has spent more than two decades in international sales, project,
and management roles. He has considerable experience in the field of power
electronics, electronic components and systems, as well as an extensive sales
and marketing background in the automotive, automation, industrial, marine and
medical technology industries.

Prior to joining CAP-XX, Mr Stegmann worked as Vice President and General
Manager of C&K, the electronic switch and component manufacturer which is
now part of Littelfuse Inc.  In this capacity he had revenue, P&L and
operational responsibility for the EMEA region, including management of
C&K's highly automated production facilities in Europe.

Mr Stegmann has had extensive international business and market development
experience in electronics and semi-conductors in senior sales management and
business development roles with Molex Inc., IEE S.A., SMA Solar Technology AG,
VISEDO Oy (now owned by Danfoss) and Phoenix Contact.

Mr Stegmann holds an engineering degree (Dipl. Ing.) in power electronics and
an MBA from Zurich International Business School.

Mr Stegmann will be based in Hamburg, Germany to be closer to many of CAP-XX's
customers and investors.

Mr Stegmann's appointment to the Board is subject to approval from the
Company's Nominated Adviser following the customary director due diligence
processes required for an appointment of this nature.  A further announcement
in this regard will be made in due course.

Patrick Elliottt, Chairman of CAP-XX, said:

"We are delighted to announce the appointment of Lars Stegmann as Chief
Executive of CAP-XX.  Lars has an extensive results and customer focussed
background in power electronics and international sales and marketing.  He
joins CAP-XX as we drive the expansion of our sales and distribution channels,
having largely completed the integration and commissioning of our capacity
expansion at Seven Hill, Sydney."

 

 

For further information contact:

 CAP-XX Limited                                                 +61 (0) 2 9428 0139

 Patrick Elliott (Non-Executive Chairman)

 Allenby Capital (Nominated Adviser and Joint Broker)           +44 (0) 20 3328 5656

 David Hart / Piers Shimwell (Corporate Finance)

 Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)

 Cenkos Securities plc (Joint Broker)                           +44 (0) 13 1220 6939

 Neil McDonald / Pearl Kellie

 Kreab (Financial PR)                                           +44 (0) 20 7074 1800

 Robert Speed

 

More information is available at www.cap-xx.com (http://www.cap-xx.com)

 

Notes to Editors:

 

CAP-XX (LSE: CPX) is a world leader in the design and manufacture of thin,
flat supercapacitors and energy management systems used in portable and
small-scale electronic devices, and to an increasing extent, in larger
applications such as automotive and renewable energy. The unique feature of
CAP-XX supercapacitors is their very high power density and high energy
storage capacity in a space-efficient prismatic package. These attributes are
essential in power-hungry consumer and industrial electronics, and deliver
similar benefits in automotive and other transportation applications. For more
information about CAP-XX, visit www.cap-xx.com (http://www.cap-xx.com)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOABUGDUCXBDGXG