#Sweden #Kista #Sivers Semiconductors #CFO Appointment #Heine Thorsgaard

Sivers Semiconductors Announces Heine Thorsgaard as New CFO

Significant Milestone in Growth Journey

On August 8, 2025, Sivers Semiconductors AB (SIVE.ST), a leading player in photonics and wireless technologies, made a strategic move by appointing Heine Thorsgaard as its new Chief Financial Officer (CFO), effective September 1, 2025. This decision is seen as a critical step towards enhancing the company's ability to navigate its next phase of growth.

Heine Thorsgaard arrives at Sivers from Napatech, where he has held the position of CFO since 2018. During his tenure at Napatech, he played a vital role in managing the company’s financial strategies, especially in the area of high-speed, programmable network interface cards designed for optimal real-time performance and cybersecurity. His experience in the tech sector brings valuable insights as Sivers aims to fortify its market position.

The Leadership Transition

Vickram Vathulya, CEO of Sivers Semiconductors, expressed enthusiasm about the appointment, stating, “This appointment marks a significant milestone in the company’s growth trajectory. Heine brings a wealth of relevant experience in strategic finance, operational excellence, mergers and acquisitions, and investor relations.” Vathulya emphasized the expectation that Thorsgaard will effectively contribute to pursuing the company’s vision and mission-critical objectives.

Heine Thorsgaard himself shared his excitement regarding the new role, saying, “I am honored to join Sivers Semiconductors during this transformative stage. The company’s innovative technologies and strong customer engagement position it well for scalable and sustainable value creation.” This statement underscores his belief in the company's potential for growth and his commitment to leveraging his expertise to foster it.

A Strong Background in Finance

With over 15 years of experience in financial leadership roles across IT, technology, and professional services sectors, Thorsgaard arrives with a robust portfolio. His academic credentials include a PhD and a Master's in Finance from Copenhagen University, as well as a Master's in International Business from Roskilde University. This impressive educational background, combined with his extensive practical experience, equips him for the complexities of the financial landscape.

During the transition, Lottie Saks, the outgoing CFO, will assist in ensuring a smooth handover of responsibilities. Saks has held numerous significant roles within Sivers and is credited for her contributions over the last five years.

Sivers Semiconductors at a Glance

Sivers Semiconductors positions itself as a key enabler of a greener data economy through energy-efficient photonics and wireless solutions. Their cutting-edge laser and RF beamformer technologies serve critical markets including AI datacenters, SATCOM, Defense, and Telecom, helping clients tackle performance challenges while promoting a more sustainable approach.

With a commitment to innovation and growth, the leadership transition within Sivers showcases the company’s aspirations and strategic direction. The industry will be keenly watching how Heine Thorsgaard’s appointment as CFO will influence Sivers Semiconductors’ trajectory in the months to come.

For further information, please visit Sivers Semiconductors.