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Otovo ASA Board/Management Information 2021

Feb 23, 2021

3705_rns_2021-02-23_05ab3a40-8d3d-4f52-881a-4b7aaf1ae450.html

Board/Management Information

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New General Managers in Italy and France and option awards

New General Managers in Italy and France and option awards

Otovo is pleased to announce two new general managers

In France, Jean Rosado will join In Sun We Trust as general manager by the end of May. He comes from the position as deputy general manager for Flixbus, and has a background in consulting, notably with Bain & Company. Rosado also has many years of experience from aircraft sales. He has an MBA from Insead, an MSc in aerospace from Technische Universität Berlin and an MSc in engineering from the University of Toulouse. Rosado replaces In Sun We Trust founder David Callegari who will step down on July 15th.

In Italy, Fabio Stefanini started in the position as general manager on February 23rd. Stefanini joins Otovo from Uber, where he has led the new mobility vertical in Italy since its debut and before that we led Amazon’s online grocery vertical from inception to more than 100 million euros in yearly turnover. Stefanini holds an MBA from SDI Bocconi and the Wharton School at University of Pennsylvania, in addition to a degree in management engineering from the University of Bologna.

- The mission to put solar panels on Europe’s roofs, making the planet greener and building a business attracts a lot of great talent for Otovo. I am really proud that Jean and Fabio join our ranks and I am sure they will be catalysts in building future top positions in their respective markets, says Otovo CEO Andreas Thorsheim.

Rosado and Stefanini have been rewarded 200.000 options each under a previously announced employee option program and in accordance with Otovo’s policies.

About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof. Otovo is a marketplace that organises hundreds of local, high quality and qualified energy installers. The company uses its proprietary technology to analyse the potential of any home and finds the best price and installer for customers based on an automatic bidding process between available installers.

Follow us on investor.otovo.com for reports, financial calendar, contact details and more.