Raketech Appoints Måns Svalborn as New CFO

Raketech Group Holding PLC has appointed the current CFO Andreas Kovacs as its new Director of Business Development. The purpose is to further intensify the implementation of the company’s growth strategy.

Raketech also appointed Måns Svalborn as the company’s new CFO. Måns Svalborn will join the company on November 11 and will initially work alongside Andreas Kovacs to ensure a smooth transition into the CFO role.

Måns Svalborn is currently the CFO of Credorax Bank, where he has been part of the Maltese bank’s executive management team and responsible for Financial Control and Financial Operations.

“I am very happy to welcome Måns Svalborn as our new CFO. Måns is a highly skilled finance professional with relevant experience across reporting, accounting and audit which will be valuable in the continued development of our finance department. All in all, with Måns as new CFO and Andreas as Director of Business Development, I am confident that we are in a great position to continue building long-term shareholder value,” Michael Holmberg, CEO of Raketech said.

“As CFO, my assignment was to prepare the company for the IPO and since then I have gradually focused more on Raketech’s growth strategy and expansion work. This has become something of a passion, and I am happy to now be able to fully focus on this important task as Director of Business Development,” Andreas Kovacs said.

“Andreas has played an instrumental role in professionalising our finance department and built the foundation for our public disclosure as a listed company, while at the same time optimising the capital structure and working hard with potential M&A cases. As we are increasing the focus on geographical expansion and other growth initiatives, Andreas identified the need for someone to give this area its full attention. Given his experience, we believe it is optimal to have Andreas entering this role,” Michael Holmberg added.