Sunlight Group Announces Key Updates to Its Board of Directors, Strengthening Strategic Leadership for an All-Electric, Sustainable Tomorrow

Sunlight Group, a member of Olympia Group and a technology company announces key updates to its Board of Directors. These changes reinforce its strategic oversight and corporate governance as the company continues its global expansion and innovation in battery technology, aligned with its vision of transforming energy storage solutions to power a sustainable tomorrow.

Mr. Matthias Fischer has been appointed as the new Chairman of the Board, succeeding Mr. Gordon Riske, who is stepping down. Mr. Fischer brings a robust background and extensive leadership experience from the material handling industry, including his impactful tenures as President/CEO of Toyota Material Handling AB and as Managing Director and Executive Board Member at Jungheinrich AG, where he was responsible for global Sales, Service, and Marketing.

His career, spanning over three decades, is marked by successful large-scale operations management and strategic growth, aligning well with Sunlight's ambitious plans to drive advancements in energy storage.

Additionally, Mr. Eric Alstrom, former President of Danfoss Power Solutions, joins the Board as an Advisor. Mr. Alstrom’s more than 30 years of international executive experience across leading global industrial organizations such as Danfoss, Benteler, and General Motors, coupled with his deep expertise in electrification, supply chain, and global manufacturing, will be instrumental as Sunlight advances its strategy in battery technology and sustainable energy.

The company extends its sincere gratitude to Mr. Gordon Riske for his strategic vision and invaluable contributions during a period of dynamic growth and transformation for Sunlight Group. We also thank Mr. Francis Wang who is stepping down from his position. for his dedicated guidance and commitment throughout his tenure as Independent Non-Executive Director.

Subsequent to these changes, the composition of the Board of Directors and its Committees is as follows:

· Matthias Fischer, Chairman of the BoD, Chairman of the Strategic Planning Committee, Member of the Audit Committee, Member of the Remuneration & Nominations Committee, Member of the Compliance Committee

· Lampros Bisalas, Group CEO & Executive BoD Member, Member of the Strategic Planning Committee

· Michel Govaert, INED, Chairman of the Compliance Committee, Chairman of the Audit Committee, Member of Remuneration & Nominations Committee

· Dr. Peter Lamp, INED, Chairman of the Innovation Committee

· Andreas Athanasopoulos, Non-executive BoD member, Member of the Audit Committee, Member of the Strategic Planning Committee

· Sabine Bendiek, INED, Chairwoman of the Remuneration & Nominations Committee, Member of the Audit Committee, Member of the Compliance Committee

“What I’ve seen at Sunlight over the past years has been nothing short of remarkable. Despite external pressures and market uncertainty, this team delivers consistently, decisively, and with purpose,” said Gordon Riske, in his remarks stepping down as Chairman of the Board. “I leave this role with pride in what we’ve built, and full confidence in the company’s future”.

Speaking on his appointment as Chairman of the Board of Directors, Matthias Fischer remarked: “Sunlight Group combines visionary ambition with a culture of continuous improvement and grounded execution—values I deeply respect. I step into this role to support a company that leads with integrity, demonstrates resilience, and delivers through a strong, focused team. Together, we will build lasting value and sustainable global impact.”

"These Board updates reflect our bold commitment to top-tier leadership and global insight,” said Sunlight CEO Labros Bisalas. “Mr. Fischer and Mr. Alstrom bring invaluable international expertise and deep sector knowledge that will help propel Sunlight into its next era of innovation and market leadership—powering a smarter, more sustainable future for all. I would also like to sincerely thank Mr. Gordon Riske for his guidance and dedication during his tenure, which helped shape the strong foundation we continue to build upon.”

With the continued dedication of the Board, the newly appointed members, and the collective strength of its leadership team, Sunlight Group is poised to accelerate its strategic direction and drive meaningful growth and innovation. These appointments represent a pivotal milestone in the company’s commitment to future-ready governance, drawing on diverse expertise to navigate an increasingly complex global energy landscape. As Sunlight expands its international footprint, this enhanced governance framework will be instrumental in advancing its mission to lead in energy storage through transparency, resilience, and long-term value creation.