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– I am pleased to announce that Lars Rosenløv has accepted his position as the new CEO of Quantafuel, said Chairman of the Board Ann-Christin Andersen in a statement before the stock exchange opens.
Quantafuel rises 16 percent on Thursday on the news that the company has a new top manager, and the share is traded for 28.88 kroner a share, four kroner more than at the stock exchange opening.
The plastic recycling company was listed on the trading platform Euronext Growth last winter, and quickly became a favorite among investors. From the day of listing on the stock exchange until the top listing this winter, the share rose 284 per cent.
Since then, the share has fallen sharply, and so far this year is down 51 percent. The company was valued at NOK 3.7 billion before the stock exchange opened on Thursday, but the market value has risen to NOK 4.3 billion during the day.
Wallpaper from Equinor
The Danish 53-year-old has 30 years of experience from the process industry in Equinor, and has held several leading positions. He has also been a board member of Norsk Industri from 2014 to 2018.
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Rosenløv has a master’s degree in engineering from the Technical University of Denmark (DTU), and has taken courses at Harvard and CBS.
– He is strongly business-oriented and passionate about developing a high-performance organization. I am sure he will take the company to the next level on our industrial journey, says Andersen.
Joins in November
In July, it became clear that Kjetil Bøhn resigned as CEO in the company after sitting in the CEO chair for seven years. The plastic recycling company writes that a unanimous board appointed Rosenløv as the new top manager.
When Bøhn resigned, Quantafuel sent out a message that the company was entering a new phase, and that it opened up for a more industrial leader.
Kjetil Bøhn himself said that he had been in dialogue about resigning for half a year.
“I have always been open to the fact that the entrepreneur at one time or another should consider his suitability as head of a larger, industrial company,” he said. when he got off.
In the meantime, Terje Eiken, Chief Operating Officer, has been acting CEO. Rosenløv will take over as the new top manager from 1 November this year.
– I am really impressed with what this fantastic team of competent and committed people has achieved in a very short time. The purpose of Quantafuel, to create a circular economy for plastics, is crucial, he says in a press release.
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