December 9, 2022

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Zaptec CEO resigns - CFO takes over

Zaptec CEO resigns – CFO takes over

Anders Thingbø, CEO of electric vehicle charging company Zaptec, has resigned to lead his own investment. The company writes in a stock exchange announcement on Monday.

“I am grateful for the confidence in Zaptec, and I am proud that the growth of electric vehicles has created a company with profitable jobs,” Thingbø wrote in a text message to DN.

According to the report, Thingbø will have an immediate impact.

Zaptec has an extensive and comprehensive growth plan for the next few years and currently has more than 100 employees in seven countries. I am a shareholder of Zaptec and will spend time in the future on more investments and positions in the community and businesses, Thingbø wrote.

Thingbø still owns 63 million NOK worth of shares in the company. Zaptec rose above two percent at the opening of trading on the Oslo Stock Exchange on Monday.

– Everything is normal

Chief Financial Officer Kurt Ostrem will take over as CEO until further notice. Østrem has been in the company since 2014.

Zaptec’s chairman Stig H. Christianen says there is no drama in leaving.

– It’s totally normal. He led the company for four years: from a small private company to an internationally listed company. We had an interview with Anders about this recently, and he said he’d do something else.

located in the stock exchange

Zaptec will refund portions of Thingbø’s remaining options based on existing agreements between it and the company.

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In January, the company reported fourth-quarter results. The company’s revenue increased by 144 per cent to NOK 192.8 million in the first quarter. Profit before tax ended at NOK 28.4 million, compared to a loss of NOK 719,000 in the same quarter last year.

Since then, Zaptec has acquired an 18.6 percent stake in the Oslo Stock Exchange. The company has a market capitalization of NOK 3.7 billion and is listed on the Euronext Growth Exchange.

stock sales

at At the end of January, it became known that Thingbø had sold nearly 1.1 million of its shares in Zaptec through its wholly owned subsidiary, Kog Invest. The shares are said to have sold for NOK 57.84 per share, which means Thingbø sold shares for just over NOK 60 million. After the sale, Thingbøs Kog Invest owns just over 1.3 million shares of Zaptec. This corresponds to shares worth about 63 million NOK at Monday’s price.

When asked why he was selling the shares, Thingbø wrote in a short letter to DN, “Paying tax on redemption of options in business relationships.”(Terms)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.