Raketech Announces CEO Mühlbach's Immediate Departure

CEO Change at Raketech

In a surprising turn of events, Raketech has confirmed the immediate departure of CEO Oskar Mühlbach. Mühlbach had been at the helm since December 2019, leading the company through significant changes and growth. However, differences in strategic vision between Mühlbach and the board have led to this unexpected development.

Co-Founder Takes the Helm

Johan Svensson, the co-founder and chief commercial officer (CCO) of Raketech, will temporarily assume the role of CEO. Svensson's familiarity with the company, having served as CEO in the past, positions him well to guide Raketech during this transitional period.

Chairman's Appreciation

Ulrik Bengtsson, the Chairman of Raketech, commended Mühlbach's contributions during his tenure as CEO. Bengtsson acknowledged the strategic transformation and growth achieved under Mühlbach's leadership, expressing gratitude for his role in the company's success.

Business Remains Steady

Despite the leadership change, Raketech is maintaining its full-year guidance for 2023. The company recently reported record revenue in Q3, driven by impressive organic growth. This success is attributed to the development of the Casumba brand in Japan and growth within the network offering. Raketech expects to close 2023 with strong financial results, showing resilience in the face of CEO transition.