Cap-XX Ltd - Sydney-based supercapacitor and energy management system manufacturer - Says the appointment of Lars Stegmann to the board as a chief executive officer is effective immediately after the completion of the regulatory due diligence.
On May 11, Stegmann was named as CEO. Stegmann will be based in Hamburg, Germany to be closer to many of CAP-XX's customers and investors. Prior to Cap-XX, he worked as vice president and general manager of C&K, the electronic switch and component manufacturer which is now part of Littelfuse Inc.
Current stock price: 1.52 pence each, up 6.7% on Friday morning in London
12-month change: down 65%
By Xindi Wei, Alliance News reporter
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Cap-xx (CPX)