Battery developer Echandia appoints new CEO

Echandia has appointed Fredrik Hellström as new CEO. Hellström will focus on building a solid growing business and broadening the product portfolio.

Hellström joined Echandia as deputy CEO in 2021. He has more than ten years’ experience from leadership in naval design and large-scale project management.

“I feel honored to be appointed as CEO of the company Magnus Eriksson founded and successfully led for many years. Echandia today has a world-leading position in the development of advanced battery and fuel-cell systems for maritime and industrial applications,” says Fredrik Hellström.

Current CEO and founder Magnus Eriksson takes on the position as chief strategy officer and will focus on the development of Echandia’s product portfolio and technology IP, and thereby further strengthen the company’s long-term competitiveness. The change takes place with immediate effect.

“The world’s largest fleet of electric ferries in Kochi, India, is equipped with our energy solutions, and so are the award-winning Copenhagen commuter ferries. The major global shipyard Damen Shipyard in the Netherlands is a big customer. The CEO shift will increase our capacity – and thus, the ability to take Echandia to the next level,” says Magnus Eriksson.

“With the skilled team we have today, and with Magnus focusing on strategic product development, we will make Echandia an even stronger company in the future. I look forward to sharing more details about our work and the new direction that we are pursuing. With great products and an attractive client list, Echandia is ready to accelerate its expansion and scale up the business,” concludes Hellström.