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ADS-TEC Energy accelerates CFO transition, appoints new CFO

EditorFrank DeMatteo
Published 15/10/2024, 14:00
© Reuters.
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On Tuesday, ADS-TEC Energy, a company specializing in battery storage solutions and fast charging systems, announced an acceleration in its planned Chief Financial Officer (CFO) transition. Mr. Wolfgang Breme, who has significantly contributed to establishing the company's presence within capital markets, is stepping down from his role. The Board of Directors and Management Board have expressed their gratitude for Mr. Breme's contributions to the company during its formative years as a NASDAQ-listed entity and wished him well in his future endeavors.

Effective from October 14, 2024, Mr. Stefan Berndt-von Bülow will take over the CFO responsibilities for ADS-TEC Energy PLC and its subsidiaries. The transition, which was originally scheduled for 2025, has been moved forward as part of the company's strategic succession planning. The incoming CFO, Mr. Berndt-von Bülow, is noted for his extensive experience and his background in high-tech product portfolios, growth-oriented organizations, and capital markets.

ADS-TEC Energy, headquartered in Nürtingen, Baden-Württemberg, is recognized for its expertise in lithium-ion technologies, which spans more than a decade. The company's innovative battery-based fast-charging technology is designed to enable ultra-fast charging of electric vehicles, even in areas with weak power grids, and is distinguished by its compact design.

The company has been acknowledged for its technological advancements, having been nominated for the German Future Prize by the Federal President and included in the "Circle of Excellence" in 2022. ADS-TEC Energy prides itself on the high quality and functionality of its battery systems, which stem from a deep level of in-house development and production.

With its advanced system platforms, ADS-TEC Energy aims to continue being a key partner for car manufacturers, energy suppliers, and charging station operators, supporting the evolving needs of the electric vehicle and energy storage markets. Mr. Berndt-von Bülow's expertise is expected to be a valuable asset in guiding the company through its next phase of development and growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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