Changes in Meltron's Board and management

The Board of Directors of Meltron AB has decided to implement changes in the Company's management. The CEO of the Company, Ville Sistonen, resigns, and the current Chairman of the Board, Göran Lundgren, takes position as acting interim CEO of Meltron AB. In connection with these changes, Göran Lundgren steps down as Chairman but remains on the Board of Directors. The Board of Directors has appointed Elisabet Wahlman to direct the work as acting Chairman of the Board. Mikko Sola, current CFO, takes over as CEO of the Finnish operations in Meltron Oy. Moreover, Pekka Pättiniemi steps down from the Board of Directors of Meltron at his own request.

- Meltron has for some time focused its efforts on marketing and sales, and partnerships with major international players are being developed, says Göran Lundgren. We now have to intensify these efforts whilst we also strengthen direct sales to major customers. The Board of Directors has reached the conclusion that Meltron is in need of a management with new impetus as well as a sharpened organization. The process to recruit a new long-term CEO has commenced.

Elisabet Wahlman was elected to the Board of Directors of Meltron in 2019. Today, Elisabet Wahlman serves as Chief Information Officer at Ramirent Group, a leading service company in the construction industry with operations in nine countries and part of the third largest equipment rental group in the world. Elisabet has focused on digitalization and change management also in previous senior roles in the management of Swedish and international groups. Elisabet has many years of experience of board work, and she has been the CEO of several smaller consultancy firms.

Mikko Sola took position as CFO at Meltron in December 2020. He holds an MBA from Tampere University and has a background in corporate and investment banking. Mikko has mostly worked for SEB in Finland (2008-2019), where he led a group of employees with customer responsibility for large enterprises and was part of the senior management of SEB Finland. In addition, Mikko has experience as management consultant, working with leading Finnish industrial companies across several countries.

- During his period at Meltron, Mikko has set the financial planning and reporting in good order. He has also been an active member of the senior management. His experience and drive will be essential for the work in the near future. 

- Current CEO Ville Sistonen remains at the disposal of the Board of Directors and the management, and will first continue with a focused effort in Oman and certain countries in the Middle East, where the Company has been present for three years. We thank Ville Sistonen for his great dedication and all his efforts over a period of more than four years, says Göran Lundgren.

- We also thank Pekka Pättiniemi for the important contributions he has made on the Board of Directors for many years. 

The Board of Directors will convene an extraordinary general meeting to elect a new member of the board when there is a proposal to consider.

Stockholm, November 26, 2021

For more information, please contact:
Göran Lundgren, acting CEO
Tel: +46 70 467 40 40
Email: [email protected]

Meltron AB (publ)
Malmgårdsvägen 63, 116 38 Stockholm, Sweden.
Reg.no: 556988-9834. Website: www.meltron.com 

This information is information that Meltron AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act and the regulatory requirements that govern the trading on NGM Nordic SME. The information was submitted for publication, through the agency of the contact person set out above, on 2021-11-26, at 08:30. This English version is published as a service; in case of discrepancies the Swedish version will prevail.

About Meltron - "More than Just Light" 

Meltron AB designs, manufactures and sells LED lighting solutions which are based on interdisciplinary application of electronics, optics, thermodynamics and nano-structures. "More Than Just Light" translates into energy savings, superior light quality, product life-time savings, increased productivity, safety and wellbeing.  Meltron provides high quality solutions for the most demanding environments in infrastructure, industry, logistics and agriculture. Read more at www.meltron.com

Meltron's share is traded on NGM Nordic MTF under the ticker MLTR.



Förändringar i styrelse och ledningen för Meltron

Styrelsen för Meltron AB har beslutat att genomföra förändringar i ledningen av bolaget, varvid Bolagets VD Ville Sistonen avgår och nuvarande ordförande Göran Lundgren tillträder som tillförordnad VD i Meltron AB. I samband med detta avgår Göran Lundgren som ordförande men kvarstår som styrelseledamot. Styrelsen har utsett Elisabet Wahlman att leda arbetet som tillförordnad ordförande. Nuvarande CFO Mikko Sola tar över som VD för den finska verksamheten i Meltron Oy. Därutöver lämnar Pekka Pättiniemi på egen begäran styrelsen i Meltron.


Changes in Meltron's Board and management

The Board of Directors of Meltron AB has decided to implement changes in the Company's management. The CEO of the Company, Ville Sistonen, resigns, and the current Chairman of the Board, Göran Lundgren, takes position as acting interim CEO of Meltron AB. In connection with these changes, Göran Lundgren steps down as Chairman but remains on the Board of Directors. The Board of Directors has appointed Elisabet Wahlman to direct the work as acting Chairman of the Board. Mikko Sola, current CFO, takes over as CEO of the Finnish operations in Meltron Oy. Moreover, Pekka Pättiniemi steps down from the Board of Directors of Meltron at his own request.


Meltron får en order på High-Bay från UPM i Valkeakoski, Finland

Meltron har säkrat en order på 30,000 EUR från ett av de största företagen i Finland, UPM, ett globalt skogsföretag. UPM's produktionsanläggning i Valkeakoski har beställt cirka 100 enheter av Meltron's avancerade LED High-Bay system, som är designat för stora industrihallar. Detta är första gången UPM beställer High-Bay systemet, och det är den andra UPM-anläggningen, som kommer installera Meltrons produkter. UPM i Jämsänkoski har redan Meltron's PL och PLS produkter.


Meltron receives first High-Bay order from UPM at Valkeakoski, Finland

Meltron has secured a 30,000 EUR order from one of the biggest companies in Finland, UPM, a global forest company. UPM's Valkeakoski production site has ordered about 100 units of Meltron's advanced LED High-Bay system, designed for large industrial halls. This is the first time UPM orders the High-Bay system, and it is the second UPM production site which will be using Meltron's products. UPM at Jämsänkoski is already using Meltron's PL and PLS-system products.



Meltron AB receives approx 26 MSEK from completed priority share issue

This press release may not be published or distributed, neither directly nor indirectly, in or to the USA, Canada, Australia, Hongkong, Japan, New Zealand, South Korea, Switzerland, Singapore or South Africa or in any other jurisdiction where the distribution of this press release would be illegal.

Meltron AB (publ) ("Meltron" or "the Company") today announces that the Company's priority share issue of approximately 26 MSEK has been subscribed at approx 59,4 %. The balance up to the full amount is covered by the two guarantee consortia syndicated in preparation of the transaction.


Meltron AB: Teckningstiden startar i nyemission med företrädesrätt för aktieägarna

Idag, den 11 oktober 2021, är den första teckningsdagen i nyemission med företrädesrätt för aktieägarna. Teckning av aktier kan ske fram till och med den 25 oktober 2021.


Meltron AB: Subscription period starts in share issue with priority for current shareholders

Today, 11 October 2021, is the first day of subcription in Meltron's share issue with priority for current shareholders. Subscription for shares is open through 25 October 2021.


Meltron får första beställning från en ledande dryckestillverkare

Meltron har fått en första beställning från en ledande vin&sprit tillverkare i Norden, som avser en installation av explosionssäkra LED armaturer. Ordern är på drygt 30 000 euro och kommer att levereras i år.


Meltron receives first order from a leading beverage company

Meltron has received a first time order from a leading wine & spirit company in the Nordic region for its explosive proof LED-lighting system. The order is in excess of 30 000 € and will be delivered this year.


Kommuniké från årsstämman i Meltron AB (publ) den 1 oktober 2021

Vid årsstämma i Meltron AB (publ), org.nr 556988-9834, ("Bolaget") den 1 oktober 2021 fattades bland annat följande beslut. För mer detaljerad information om innehållet i besluten hänvisas till kallelsen till årsstämman samt fullständiga förslag till beslut, som tidigare har publicerats och finns tillgängliga på Bolagets hemsida, www.meltron.com.


Report from the Annual General Meeting of Meltron AB (publ) on 1 Oct 2021

At the annual general meeting (the "AGM") of Meltron AB (publ), reg. no 556988-9834, (the "Company"), on 1 October 2021 the AGM adopted, inter alia, the following resolutions. For more detailed information regarding the contents of the resolutions, please refer to the notice to the AGM and the complete proposals, which have previously been published and are available on the Company's website, www.meltron.com.


Huawei and Meltron launch collaboration to introduce a new digital approach to boost sustainable development of cities worldwide

Huawei Technologies Oy and Meltron Oy have entered into a Memorandum of Understanding and agreed a plan to introduce an ambitious solution which combines and integrates the strengths of the cutting-edge ICT technologies offered by Huawei and the superior Meltron lighting solutions.


Huawei och Meltron samarbetar kring införande av ny digital strategi för att främja hållbar utveckling i städer världen över

Huawei Technologies Oy och Meltron Oy har tecknat ett Memorandum of Understanding och enats om en plan för att lansera ambitiösa lösningar för hållbara städer, som förenar och integrerar fördelarna hos Huaweis banbrytande informations- och kommunikationstekniker (ICT) och Meltrons överlägsna belysningslösningar.


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