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Regulatory press release

Gustaf Albèrt appointed CFO of Azelio

Azelio
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Gustaf Albèrt has been appointed new CFO of Azelio and will take up his position on April 12, 2023. At the same time, Eva Ramström, who has been acting CFO since June 2022, returns to her role as Finance manager.

On April 12, 2023, Gustaf Albèrt will take over as CFO of Azelio. Gustaf comes to Azelio from a role as CFO and Deputy CEO of Isofol Medical AB. Prior to that, Gustaf has, among other things, been CEO of Elanders Sverige AB.

"I am very happy to welcome Gustaf Albèrt to Azelio. He has a combination of experience and personal qualities that I am convinced Azelio will benefit greatly from in the future. At the same time, I would like to extend a big thank you to Eva Ramström for her very strong efforts as acting CFO during an eventful period. Gustaf and Eva will work closely together in their respective roles as CFO and Finance manager, so Azelio will have a very strong team that manages the finances", says CEO Jonas Wallmander.

For further information, contact
Jonas Wallmander - CEO, Azelio
Email: ir@azelio.com
Tel: +46 722 01 88 00

About Azelio
Azelio specializes in energy storage with electricity and heat production. The technology is revolutionary in that renewable energy becomes dispatchable, making clean energy available around-the-clock. The energy is stored in recycled aluminium and converted into electricity and heat with a total efficiency of up to 90%. The solution is scalable, sustainable, and cost-efficient from 0.1 MW up to 20 MW. Azelio is headquartered in Gothenburg, Sweden. Production takes place in Uddevalla and the Company maintains development centers in Gothenburg and Åmål, has a presence in Stockholm, as well as Regional Directors for Australia, US, southern Africa and the MENA region. Azelio is listed on Nasdaq Stockholm First North Growth Market with FNCA Sweden AB as Certified Adviser: More about Azelio: www.azelio.com

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Gustaf Albèrt appointed CFO of Azelio

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