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STOCKHOLM - Sivers Semiconductors AB (SIVE.ST), a $112 million market cap technology company trading at $0.38 per share, has appointed Heine Thorsgaard as its new Chief Financial Officer, effective September 1, 2025, according to a company press release issued Friday.
Thorsgaard joins the Swedish photonics and wireless technologies company from Napatech, where he has served as CFO since 2018. At Sivers, he will oversee global finance, investor relations, and IT operations for a company that has achieved 21% revenue growth over the last twelve months. According to InvestingPro analysis, the company currently trades below its Fair Value despite showing promising growth metrics.
The incoming executive brings over 15 years of financial leadership experience across the technology sector, with particular exposure to European and U.S. markets. Thorsgaard holds a PhD and Master’s degree in Finance from Copenhagen University and a Master’s degree in International Business from Roskilde University.
"Heine brings a tremendous amount of relevant experience for our future ambition," said Vickram Vathulya, CEO of Sivers Semiconductors, in the statement.
Thorsgaard will replace outgoing CFO Lottie Saks, who has served in the role for five years. Saks will remain with the company during a transition period to ensure a smooth handover.
Sivers Semiconductors develops laser and RF beamformer technologies for markets including AI data centers, satellite communications, defense, and telecommunications.
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