Oslo, 16 April 2024: Hexagon Composites (OSE: HEX.OL) today announces that Jon
Erik Engeset will step down as Group President and Chief Executive Officer. The
Company will shortly commence a search process. Engeset will continue as CEO
until the position is filled, following which he will continue to support the
company in an advisory role.
"After 11 years at the helm, Jon Erik Engeset has decided to step down," says
Knut Flakk, Chair of the Board of Hexagon Composites. "Under his management the
Group has undergone significant transformation. The company has been
successfully repositioned from primarily a composite cylinder manufacturer to an
integrated clean fuel solutions provider. Top line revenues have increased more
than five times, and the company has assumed globally leading market positions.
We thank Jon Erik for the passion, commitment, and leadership he has brought -
and brings - every day to his work here at Hexagon."
"I have had the great privilege of leading this group for more than a decade. It
is now time for me to give higher priority to my family," says Jon Erik
Engeset. "The need to switch to clean energy requires urgent action from
industry and governments alike and I take great pride in the contributions we at
Hexagon have made together with our partners, customers, and suppliers. I
predict that the market demand for our solutions will continue to grow at a very
high pace in the years to come."
For more information:
Ingrid Aarsnes, VP Investor Relations & ESG, Hexagon Composites ASA
Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.com
Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation, and conversion to clean energy in a
wide range of mobility, industrial and consumer applications. Learn more
at?www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn.