Board of Directors
Advanced Soltech’s Board of Directors consists of six ordinary members, including the Chairman of the Board, elected at the latest Annual General Meeting.
Frederic Telander
Executive Chairman of the Board
Born 1964. Executive Chairman since 2020. Board member since 2016.
Experience
Former partner of EIG Venture Capital Ltd, an investment company focusing on cleantech investments. During the period 2001-2008, senior executives (CEO and Vice Chairman) of the Gas Turbine Efficiency Group, which was listed on the London Stock Exchange’s AIM list in 2005. During 2007-2009 and 2018-2020, Frederic was Chairman of the Board of Soltech Energy Sweden AB (publ), and between 2009-2018, Frederic was CEO of Soltech Energy Sweden AB (publ). During the years 2016-2020, Frederic was CEO of Advanced Soltech Sweden AB.
Education
University studies in business administration.
Other ongoing assignments
Board member of Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., Longrui Solar Energy (Suqian) Co., Ltd, Suqian Ruiyan New Energy Co., Ltd. and Sactum AB.
Holding in the company
35,846 shares, whereof 16,006 through company and 406,849 warrants held through a corporate structure and insurance.
Independency
Not independent in relation to the Company and the management. Independent in relation to the Company’s major shareholders.
Stefan Ölander
Member of the Board of Directors
Born 1964. Board member since 2016.
Experience
Head of Communications at SEB and Kinnevik. Founder of Rewir. CEO and Chairman of the Board of Swedish and Danish companies within the Intellecta Group. During various periods, Stefan has been both CEO and Chairman of the Board of Zacco. During the years 2012-2018, Stefan was Chairman of the Board of Soltech Energy Sweden AB (publ) and during the years 2016-2020, Stefan was Chairman of the Board of Advanced Soltech Sweden AB.
Education
High School academic degree, majoring in economics.
Other ongoing assignments
CEO and Board member of SolTech Energy Sweden AB (publ). Chairman of the Board of Directors of all subsidiaries of Soltech Energy Sweden. Board member of Territorium AB, Ölander Invest AB, SEPSSOLT AB, Galileus AB and Zacco AS.
Holding in the company
2,581 shares, whereof 1,851 through company.
Independency
Independent in relation to the Company and the management. Not independent in relation to the Company’s major shareholders.
Ben Wu
Member of the Board of Directors
Born 1973. Board member since 2016.
Experience
Ben is founder and CEO of the thin film manufacturer Advanced Solar Power Hangzhou which he started together with his father in 2008. Ben has been CEO of Advanced SolTech Renewable Energy, up to 2020. Prior to this, Ben had a long career within business development and finance as a management consultant with McKinsey from 2004 to 2006 and as an analyst at Himalaya Capital from 2002 to 2004, amongst other assignments. In 2007 to 2008, before founding Advanced Solar Power Hangzhou, Ben had a prominent role at Lenovo, whose investment company also became the first external investor in Advanced Solar Power.
Education
MBA in Finance and Marketing, Columbia Business School. MS in Mathematics and Computer Science, Colorado School of Mines. BS in Mathematics and Computer Science, Colorado School of Mines.
Other ongoing assignments
CEO of Advanced Solar Power (Hangzhou) Inc. Board member in Advanced Solar Power (Hong Kong) Limited, Advanced Solar Power Cayman Limited and HuBei KaiLong Longyan Energy Technology Co Ltd. Executive Partner in Hangzhou Shengri Enterprise Management Consulting Partnership (Limited Partnership), Hangzhou Dingxi Enterprise Management Consulting Partnership (Limited Partnership) and Jiayun Xuanyi (Hangzhou) Enterprise Management Consulting Co., Ltd.
Holding in the company
0 shares. 406,849 warrants.
Independency
Not independent in relation to the Company and the management. Not independent in relation to the Company’s major shareholders.
Gang Bao
Member of the Board of Directors
Born 1969. Board member since 2016.
Experience
Gang is CEO of Advanced SolTech Renewable Energy. Since 2015, Gang has worked with sales and business development in the company. During 2012-2015, Gang was sales and marketing director of Advanced Solar Power Hangzhou and was responsible for building a sales platform in about 30 countries. Between 2008 and 2012, Gang had the role as production director at Advanced Solar Power Hangzhou where he built up and created the manufacturing process for the company’s thin film modules (CdTe). Before entering the solar energy industry, Gang worked both in sales and as a developer at a number of software companies.
Education
MS in Mathematics and Computer Science, Colorado School of Mines. BS in Mathematics, ShanDong University, JiNan.
Other ongoing assignments
CEO and board member of Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd. Board member of Longrui Solar Energy (Suqian) Co., Ltd, Suqian Ruiyan New Energy Co., Ltd. and HuBei KaiLong Longyan Energy Technology Co. Ltd.
Holding in the company
0 shares. 387,475 warrants.
Independency
Not independent in relation to the Company and the management. Independent in relation to the Company’s major shareholders.
Vivianne Holm
Member of the Board of Directors
Born 1965. Board member since 2020.
Experience
Vivianne has 30 years of experience in the financial sector. Since 2008, Vivianne has been active as a private investor in the tech sector as well as a board professional, since 2015 with a focus on cleantech. In parallel with this, Vivianne has run a consulting company and worked as an advisor to company management on issues related to raising capital and financial information. Vivianne has previously worked as an equity analyst at Alfred Berg and with corporate finance at SEB.
Education
Master in Economics and Business Administration from Stockholm School of Economics.
Other ongoing assignments
Board Member in Soltech Energy Sweden AB (publ), Hexicon AB and Greentech AB.
Holding in the company
47,361 shares through company.
Independency
Independent in relation to the Company and the management. Not independent in relation to the Company’s major shareholders.
Patrick de Muynck
Member of the Board of Directors
Born 1956. Board member since 2020.
Experience
Patrick has worked in the financial sector for most of his 35 year career working in London and New York. From 2000 until 2015 he was a Partner with EQT Partners responsible for Athe Credit activity and member of the Executive Committee. In recent years he is a private investor active either as Chairman or as board member.
Education
Commercial Engineer, Solvay College, University of Brussels.
Other ongoing assignments
Chairman of the board in Ymer SC AB, Ymer SC Fund 1 AB, Ymer SC AC AB, Brocc Holding AB, Skalmsta Ridcenter AB and Dagar hf. Board member in Kara Connect IVS, Kara Connect ehf., Skogsliden Finance AB, Brocc Finance AB and Brocc AB (publ).
Holding in the company
64,031 shares.
Independency
Independent in relation to the Company and the management. Independent in relation to the Company’s major shareholders.