7 January 2025
CAP-XX
Limited
("CAP-XX" or "the
Company")
Management and board
changes
CAP-XX Limited (AIM: CPX), a world
leader in the design and manufacture of thin, prismatic
supercapacitors and energy management systems, is pleased to
announce the appointment of Ariel Sivikofsky as Interim Chief
Financial Officer in a non-board capacity. Mr Sivikofsky will join
the Company for an initial period of six months with the intention
that this role will become permanent thereafter.
Mr Sivikofsky has more than 15
years' experience as a Chief Financial Officer of both private and
ASX listed companies and working in executive roles in Australia
and Europe. Mr Sivikofsky's most recent role was as Chief Financial
Officer of Netlinkz Limited, an ASX listed technology company.
Other roles include CFO of InvestorFirst currently known as Hub24
(ASX:HUB), Macquarie Media Limited (ASX: MRN), Bova UK Specials
Ltd, and Distributed Storage Solutions Ltd. Mr Sivikofsky was also
a senior director of Deloitte Australia's Assurance and Finance
Advisory practice. Mr Sivikofsky has a Bachelor of Commerce, is a
Fellow of Chartered Accountants Australia and New Zealand and is a
graduate member of the Australian Institute of Company
Directors.
CAP-XX also announces that Steen
Feldskov will step down from his role as Non-Executive Director
following the Company's Annual General Meeting on 13 January 2025.
Mr Feldskov will therefore not stand for re-election at that
meeting.
Lars Stegmann, Chief Executive Officer of CAP-XX,
commented:
"We are delighted to welcome Ariel
Sivikofsky to the CAP-XX team and I look forward to working with
him as we continue to grow the business.
On behalf of the Board, I would like
to thank Steen for his significant contribution over the past three
years. His deep knowledge of electronic component distribution has
played a key role in strengthening CAP-XX's international sales
channels, enhancing the Company's global presence. We wish
him every success in his future endeavours."
For
further information contact:
CAP-XX Limited
Pat Elliott
(Chairman)
+61 (2) 9157 0000
Lars Stegmann (Chief Executive
Officer)
Allenby Capital (Nominated Adviser and
Broker)
David Hart/Piers Shimwell (Corporate
Finance)
+44 (0) 20 3328 5656
Jos Pinnington/Tony Quirke (Sales and
Corporate Broking)
Notes to Editors:
CAP-XX (LSE: CPX) is a leader in the
design and manufacture of thin, flat supercapacitors and energy
management systems used in portable and small-scale electronic
devices, and to an increasing extent, in larger applications such
as automotive and renewable energy. The unique feature of CAP-XX
supercapacitors is their very high-power density and high energy
storage capacity in a space-efficient prismatic package. These
attributes are essential in power-hungry consumer and industrial
electronics and deliver similar benefits in automotive and other
transportation applications.
For more information about CAP-XX,
visit www.cap-xx.com