GOTHENBURG, Sweden (June 1, 2015) - The newly listed fuel cell company PowerCell Sweden AB has appointed a new CFO. Karin Nilsson assumes her new position in August 2015.

Nilsson joins PowerCell from vehicle digital market place KVD Kvarndammen AB, where she has served as CFO since 2010. She will take up her new position as CFO for PowerCell Sweden AB in August 2015.

Karin has extensive international experience from several financial positions, including Sibelco AB and Gunnebo AB. During her time at KVD Kvarndammen AB she was also responsible for the HR and IT functions.

“We are happy and pleased that Karin will join us at PowerCell Sweden. I am convinced that Karin's expertise and vast experience will be a great asset for us as a newly listed company in which the role of CFO is of great importance”, said Magnus Henell, CEO of PowerCell Sweden.