Kitron: Change in corporate management team

25 Sep 2025 07:00 CEST

(2025-09-25) Kitron announces that Chief Operating Officer Kristoffer Asklöv has
tendered his resignation in order to assume the role of CEO at a Swedish
manufacturing company outside Kitron's competitive landscape.

"Kristoffer has been a valued member of Kitron's corporate management team since
joining four years ago. His leadership and contributions have played a key role
in our growth and operational development. We thank him for his dedication and
wish him continued success in his new role," says Peter Nilsson, CEO of Kitron.

To ensure a smooth transition, Mr. Asklöv will remain with Kitron through the
fourth quarter and leave the company at the end of the year. Mr. Asklöv's
responsibilities will be divided between Chief Technology Officer Stian Haugen
and Hasse Faxe, who will join the corporate management team as Chief Commercial
Officer on 1 October.

Mr. Haugen has been with Kitron since 2013 and has served as Chief Technology
Officer since 2020. Mr. Faxe joined the Kitron group through the acquisition of
BB Electronics in 2022 and currently serves as Global Sales Director.

For further information, please contact:
Peter Nilsson, President and CEO, tel. +47 948 40 850
Cathrin Nylander, CFO, tel.: +47 900 43 284
Email: investorrelations@kitron.com

Kitron is a leading Scandinavian electronics manufacturing services company for
the Connectivity, Electrification, Industry, Medical devices and
Defence/Aerospace sectors. The group has operations located in Norway, Sweden,
Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China
and the United States. Kitron has about 2 400 employees, and revenues were EUR
647 million in 2024.

www.kitron.com

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