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27 December 2022

Mårten Frostne appointed new CEO of FlexQube

After an extensive recruitment process, FlexQube has appointed Mårten Frostne as the new CEO. Mårten was until today CEO at MM Eson Pac AB, which was acquired by MM Group in the spring of 2022, and before that he was CEO at Aptus Elektronik AB, which later became integrated in Assa Abloy Opening Solutions AB. During the period 2004 to 2016, Mårten also held various executive positions within the Stena Metall Group.

As previously communicated, the company's current CEO Anders Fogelberg will stay with FlexQube, taking on a new role with focus on elevating sales and business development. Mårten Frostne will take over as CEO by the summer of 2023 at the latest.

Christian Thiel, Chairman of the Board comments: ”In Mårten, we found the winning combination of relevant experience, the right skills and a results-oriented personality that we see matches the company's continued journey forward. The board is confident that he is the right person to take over the role after Anders Fogelberg. In addition to well-documented leadership qualities, Mårten has in his most recent roles as CEO demonstrated a high level of execution and that he is a skilled strategist to develop rapidly growing companies in the best possible way.

During his time as CEO at Eson Pac AB, he succeeded in a short time to grow the sales and increase profitability. He was also a key factor in the company being sold and creating the greatest possible value for the shareholders.

Throughout his career, Mårten has driven both turnarounds of companies and growth journeys, always with a strong focus on profitability and the customer. He has in international environments showcased that he is a natural leader with a high analytical and strategic capacity. The organizational restructurings he has handled displays the ability to create future-proof structures and bringing the entire business forward. There is undeniably a sharpness and strong drive in Mårten which has resulted in him having an impressive journey behind him. We are now very much looking forward to how he will navigate FlexQube towards new heights.”

Mårten Frostne comments: "I am eager to take on the role as CEO now that the company is entering the next phase after having built an impressive platform in a global context. With FlexQube's prerequisites, I am convinced that we will succeed in taking advantage of the almost endless opportunities that exist in the market. The strong mix of innovation, customer orientation and growth focus appeals and inspires me.”

About FlexQube

FlexQube is a technology company headquartered in Gothenburg, Sweden with subsidiaries in USA, Mexico, Germany and England. FlexQube offers solutions for cart-based material handling using a patented modular concept. FlexQube develops and designs customized solutions for both robotic and mechanical cart logistics. Through the own developed and unique automation concept FlexQube can offer robust and self-driving robotic carts. FlexQube has more than 900 customers in 36 countries with primary markets being North America and Europe.

FlexQube’s customers can be found within the manufacturing industry, distribution- and warehousing. We represent some of the most successful companies in the world with a significant share being represented on the Fortune 500 list. These companies exist within automotive, electric vehicle manufacturing, online retail, heavy-duty trucks, industrial automation and retail logistics.

For more information, contact the Chairman of the Board, Christian Thiel


+46 70-547 90 90

The share (FLEXQ) is traded on Nasdaq First North. FNCA Sweden AB is the Company's Certified Adviser. Read more at www.flexqube.com

This information is insider information that FlexQube AB (publ) is obliged to disclose in accordance with EU Market Abuse Regulation. The information was provided by the above contact persons for publication on December 27, 2022 at 10:40 CET.