#Sweden #Stockholm #Hexagon AB #Octave Intelligence #Brett Watson

Strategic Move: Hexagon's New Board for Octave Intelligence

Hexagon AB has taken a significant step towards the official launch of its prospective spin-off company, Octave Intelligence plc, by appointing a formidable board of directors. This new board comprises seasoned leaders with extensive experience in technology platforms and operational excellence within both industrial and digital marketplaces.

Meet the Board Members

At the helm is Brett D. Watson, who serves as the Chair of the Board. Mr. Watson is the President of Koch Equity, LLC, where he oversees numerous investment groups with a diversified global focus. His extensive experience in corporate development and capital allocation ranges across several high-profile companies, including Getty Images and Infor.

Alongside Watson, Magnus Ahlqvist, the current President and CEO of Securitas AB, brings substantial international operational expertise from major corporations like Motorola and Sony. His leadership experience is expected to guide Octave in navigating the rapidly changing security landscape.

David J. Hollister, a veteran in financial management, joins as a Director. Having held various senior roles at Bentley Systems, he currently advises at iDEAL Semiconductor, bringing valuable insights and financial oversight capabilities to the board.

Cybersecurity and Governance Expertise

The board also welcomes Meerah Rajavel, who currently serves as the Chief Information Officer at Palo Alto Networks. Rajavel is renowned for her expertise in cybersecurity and digital transformation, crucial for overseeing Octave's technological infrastructure and governance protocols.

Jill D. Smith, another prominent figure on the board, has over 30 years of leadership experience with global technology companies. Her past roles include serving as CEO and chair of various respected boards, equipping her with insights into corporate governance and strategic direction.

Lastly, Mattias Stenberg, who takes on the role of CEO for Octave, has a rich background within Hexagon, leading multiple divisions centering on asset lifecycle intelligence and safety. His input is expected to align the company's strategic objectives closely with operational execution.

A Vision for the Future

Brett Watson commented, “Octave is entering the market with a board that reflects the operational rigor required to support customers managing mission-critical assets. We aim to build a resilient, independent company dedicated to long-term value creation.”

Mattias Stenberg echoed this sentiment, stating that collaborating with such a distinguished board will enhance their operational capabilities and better serve their clients reliant on Octave’s platforms.

As the board embarks on shaping Octave’s strategic roadmap, they are poised to deliver solutions enhancing safety, productivity, sustainability, and long-term performance across energy, manufacturing, utilities, and public sectors. However, it's crucial to note that the final spinoff and public listing are still pending approval from the Hexagon board and shareholders, among other conditions.

For further inquiries regarding Octave, Elizabeth Chwalk from Investor Relations is available for contact. The industry is keenly observing this development as Hexagon gears up to position Octave Intelligence plc as a formidable competitor in the tech landscape, focusing on innovation and operational excellence.