New CEO and Chairman of the Board in Pumped Hydro Storage

The Board of Pumped Hydro Storage Sweden AB has decided to appoint Thomas Johansson as new CEO starting January 1st, 2020. The Board also appointed the founder and present CEO, Otto Werneskog, to the new working Chairman of the Board.

The current Chairman, Jan Lundberg, remains on the Board.

Picture: Thomas Johansson

Thomas Johansson has a long international experience from senior management positions in several of ABB’s technology intense project businesses within the Power Grids division. In addition, Thomas led the sales team leading to the award of the world’s largest battery energy storage system, Fairbanks, Alaska. He was extensively involved in the development and market introduction of ABB’s HVDC and SVC Light technologies.

The Board also appointed the founder and present CEO, Otto Werneskog, to the new working Chairman of the Board. The current Chairman, Jan Lundberg, remains on the Board.

”It is both comforting and gratifying to hand over the Chairman stewardship to Otto, who has been on board from the beginning, and to add industrial experience with Thomas. The timing of this ramp-up is excellent considering the increasing share of green electricity and the fast growing needs for large-scale energy storage”, says Jan.

Picture: Otto Werneskog

”After the strengthening of the Board earlier this fall, adding Thomas as new CEO is the right move for us. His leadership, industrial project experience and business mindset suits the development of the company excellently”, says Otto.

”I am humbled by the trust given by the Board and find it very exciting to take on the CEO role after Otto. Pumped Hydro Storage will play a vital role in the energy transition, the timing of our ramp-up is perfect and it is very inspiring to actively contribute to solving the largest challenge ever faced by mankind”, says Thomas

For further information, please contact:

Chairman, Otto Werneskog, +46 70 628 0193, otto@pumpedhydro.se

CEO, Thomas Johansson, + 46 70 696 7800, thomas@pumpedhydro.se

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