on LION E-Mobility AG (ETR:CH013259)
LION E-Mobility AG Announces Leadership Change
LION E-Mobility AG, based in Zug, has announced that Ian Mukherjee will take on the role of Chairman of the Board of Directors. The company's majority shareholder, Mukherjee, is set to replace Alessio Basteri, who served as Chairman since 2019. Basteri will remain on the board and shift his focus to enhancing LION's Battery Energy Storage System (BESS) business in Italy. These leadership changes await approval during the Annual General Meeting on June 25, 2026.
The strategic transition is aimed at reinforcing leadership and aligning with LION's growth priorities. The Italian market presents a significant opportunity for BESS expansion, backed by favorable regulations and increasing demand for energy storage. Mukherjee expressed gratitude for Basteri's contributions and anticipates working together during LION's next growth phase.
R. P.
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