CAP-XX Limited Management and board changes

RNS Number : 3106S

CAP-XX Limited

07 January 2025

 

7 January 2025

CAP-XX Limited

("CAP-XX" or "the Company")

Management and board changes

CAP-XX Limited (AIM: CPX), a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, is pleased to announce the appointment of Ariel Sivikofsky as Interim Chief Financial Officer in a non-board capacity. Mr Sivikofsky will join the Company for an initial period of six months with the intention that this role will become permanent thereafter.

Mr Sivikofsky has more than 15 years' experience as a Chief Financial Officer of both private and ASX listed companies and working in executive roles in Australia and Europe. Mr Sivikofsky's most recent role was as Chief Financial Officer of Netlinkz Limited, an ASX listed technology company. Other roles include CFO of InvestorFirst currently known as Hub24 (ASX:HUB), Macquarie Media Limited (ASX: MRN), Bova UK Specials Ltd, and Distributed Storage Solutions Ltd. Mr Sivikofsky was also a senior director of Deloitte Australia's Assurance and Finance Advisory practice. Mr Sivikofsky has a Bachelor of Commerce, is a Fellow of Chartered Accountants Australia and New Zealand and is a graduate member of the Australian Institute of Company Directors.

CAP-XX also announces that Steen Feldskov will step down from his role as Non-Executive Director following the Company's Annual General Meeting on 13 January 2025. Mr Feldskov will therefore not stand for re-election at that meeting.

Lars Stegmann, Chief Executive Officer of CAP-XX, commented:

"We are delighted to welcome Ariel Sivikofsky to the CAP-XX team and I look forward to working with him as we continue to grow the business.

On behalf of the Board, I would like to thank Steen for his significant contribution over the past three years. His deep knowledge of electronic component distribution has played a key role in strengthening CAP-XX's international sales channels, enhancing the Company's global presence.  We wish him every success in his future endeavours."

 

For further information contact:

CAP-XX Limited

Pat Elliott (Chairman)                                                                             [phone]

Lars Stegmann (Chief Executive Officer)

 

Allenby Capital (Nominated Adviser and Broker)

David Hart/Piers Shimwell (Corporate Finance)                                        [phone]

Jos Pinnington/Tony Quirke (Sales and Corporate Broking)

 

Notes to Editors:

CAP-XX (LSE: CPX) is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high-power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics and deliver similar benefits in automotive and other transportation applications.

For more information about CAP-XX, visit www.cap-xx.com

 

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