Blink Charging names Alex Calnan as new Europe managing director

LONDON - Blink Charging Co. (NASDAQ:BLNK), an EV charging equipment provider with a market capitalization of $85.7 million, has appointed Alex Calnan as Managing Director of Europe, effective July 1, 2025, according to a company press release issued Tuesday. The company maintains a strong liquidity position with more cash than debt on its balance sheet, though InvestingPro data shows it’s currently experiencing rapid cash burn.

Calnan, who previously served as Managing Director of the UK, will now oversee Blink’s operations across Europe, including the United Kingdom, Ireland, Belgium, and the Netherlands. He will continue to be based at the company’s UK headquarters in St. Albans, Hertfordshire.

Prior to joining Blink, Calnan was Co-Founder and Managing Director of EB Charging, a UK infrastructure company that Blink acquired in 2022. He has over a decade of experience developing growth strategies for EV charging companies in Europe.

"I’m honored to have been selected to lead Blink’s European strategies and development as we continue to expand and deliver our EV charging solutions," Calnan said.

Calnan succeeds Miko de Haan, who previously served as President of Europe Operations. Mike Battaglia, President and Chief Executive Officer of Blink, stated that de Haan was "pivotal in expanding our presence from a local operation to a significant player across the region."

Blink Charging describes itself as a provider of electric vehicle charging equipment and services with networks across multiple countries. The company operates charging stations and provides related services to customers including parking facilities, multifamily residences, workplaces, and various commercial locations.

The announcement comes as part of Blink’s continued focus on expanding its European presence in the electric vehicle charging infrastructure market.

In other recent news, Blink Charging has announced first-quarter 2025 earnings that did not meet analysts’ expectations, prompting Stifel to revise its price target for the company to $1.00, down from $2.00, while maintaining a Hold rating. H.C. Wainwright also adjusted its price target from $8.00 to $5.00, citing a significant decline in product sales. Despite these challenges, Blink Charging reported an improvement in service margins and a reduction in operating expenses. The company is also implementing a workforce reduction as part of its BlinkForward strategy, aiming to save over $11 million annually. Additionally, Blink Charging has amended its merger agreement with Envoy Technologies, extending the deadline for a public listing to September 2025 and increasing the value of Envoy Technologies’ stock to $23.5 million. In leadership changes, Blink Charging appointed Michael Bercovich as its new Chief Financial Officer, succeeding Michael Rama. The company is focused on cost management and strategic initiatives to strengthen its market position in the evolving EV charging industry.

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