STOCKHOLM, Sweden.,
July 1, 2021 /PRNewswire/ --
Magnus Grönborg has today (1 July
2021) assumed the CEO position for OXE Marine AB (publ)
(NASDAQ STO: OXE) (OTCQX: CMMCF).
Magnus Grönborg succeeds Myron
Mahendra who will assume the position of EVP Business
Development, Sales and Marketing. Appointing Magnus Grönborg is
part of the previously communicated move into the next phase of OXE
Marine´s development, with third party production facilities in
both Poland and the US, where the
board of directors has resolved to reorganize the management
team to optimize the Company's ability to achieve its
financial and operational targets.
"OXE is by definition a disruptive force on the marine
propulsion market, delivering both superior fuel consumption
to our customers and significant reduction in emissions to our
planet. By persistently combining our end-user experiences with our
in-house technical brilliance, we will continue to transform
the marine market not only from a performance, but also,
environmental perspective. To lead such a journey is very inspiring
and I am honored to shoulder the CEO role at OXE Marine".
Magnus Grönborg, CEO, OXE Marine AB.
Certified Adviser
FNCA Sweden AB is Certified Adviser for OXE Marine AB (publ).
Contact details to FNCA Sweden AB: tel. +46 8 528 00 399,
e-mail info@fnca.se.
For further information, please contact:
Magnus Grönborg, CEO, magnus.gronborg@oxemarine.com, +46
76 724 73 00
Anders Berg, Chairman,
anders.berg@oxemarine.com, +46 70 358 91 55
OXE Marine AB (publ) (NASDAQ STO: OXE), (OTCQX: CMMCF) has,
after several years of development, constructed the OXE Diesel, the
world's first diesel outboard engine in the high-power segment. The
Company's unique patented engine-to-propulsion power transmission
solutions have led to high demand for the Company's engines
worldwide.
This information was brought to you by Cision
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The following files are available for download:
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https://mb.cision.com/Main/16067/3377267/1438946.pdf
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20210701 - Magnus
Grönborg, new CEO for OXE Marine AB
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https://news.cision.com/oxe-marine-ab/i/magnus-gronborg,c2931746
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Magnus
Grönborg
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SOURCE OXE Marine AB