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myFC appoints new chairman of the board

The Board of Directors of myFC, the Swedish fuel cell company, appoints Markus Hermanek as new Chairman of the Board.  He succeeds Jörgen Lantto, who has served on the board since 2016.

Markus Hermanek was elected to the board at the Extraordinary General Meeting in November 2019, as part of H119 Ltd’s investment in the company. H119 Ltd, advised by Helvetican International Ltd, holds just short of 30 % of the shares in myFC and is the company’s largest owner.

“As a result of the recent directed share issue, we have secured an institutional main owner with a long-term commitment to myFC, which has been the board’s priority during 2019. This makes it a good time for me to hand over to Markus Hermanek, resign from the board and focus on my other engagements,” said Jörgen Lantto. 

Markus Hermanek is managing partner at Helvetican International Ltd. He has previously held senior positions within UBS Warburg (Switzerland), Dexia Private Bank (Switzerland) AG in Bahrain, Euram Bank (United Arab Emirates), UBS AG (Singapore), EFG Bank (Switzerland) and Bank J. Safra Sarasin AG (Switzerland). Prior to that, he was responsible for the Swiss and Middle Eastern market at Global Asset and Funds Management AG.

He holds a Dual MBA degree from IMD Lausanne and CKGSB Beijing and studied at the University of Oxford (Saïd Business School) Financial Strategy.

“We’re investing in technology and innovation to make power more rewarding for the global community. Together with the employees of myFC and its leadership under Peter Friedrichsen, we want to strengthen the co-operations with strategic partners to open its technology to them by serving the global demand of environment-friendly energy and power delivery. I am proud and very much excited together with my team to leverage on the knowledge of myFC by taking myFC to the next level of growth,” said Markus Hermanek.

The change is effective immediately.

This information is information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 10:45 CET on 18 December 2019.