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Crown Energy AB: Change in the Board of Directors

Crown Energy AB announces that Board member Fanny Wallér has decided to step down from the board for personal reasons. The decision was made after careful consideration and in close dialogue with the other members of the Board.

“It has been a privilege to work with such a dedicated and competent team. Together, we have achieved significant progress, and I would like to extend my sincere thanks to the entire Crown team for the cooperation and determination that have characterized our work,” says Fanny Wallér.

A process to identify a new board member has been initiated. Fanny will continue to collaborate with the company to ensure a smooth and responsible handover and, when needed, support the company through consulting services within communication and sustainability.

“Through her commitment and professionalism, Fanny has been an important asset to Crown Energy. Her contributions have been of great value to the company’s development, and the collaboration within the board has been marked by mutual respect and a very positive working climate. We are pleased that our cooperation with Fanny will continue, albeit in a different form than through the board assignment,” says Yoav Ben-Eli, CEO of Crown Energy AB.

About Crown Energy
Crown Energy is transforming into a new and more socially responsible business direction, with focus on the medical technology industry and on improving the green footprint by way of investing in companies active in those areas.

The investment into the Healthtech company AccYouRate marked the start of the new Crown Energy in early 2023. AccYouRate holds high-tech patents and creates algorithms to support production of ‘smart’ wearable garments for use in the medical industry as well as services such as analysis, data gathering and extrapolations of medical information and growth of medical databases.

Crown has in early 2024 entered a strategic partnership with KAYA Climate Solutions GmbH, a project developer in nature-based solutions for climate change mitigation in Sub-Saharan Africa. This collaboration aims to be a starting point for large impact in climate change mitigation and adaptation through landscape restoration and nature conservation which will be financed by the voluntary carbon market and similar mechanisms.

The business area Asset Development and Management based in Angola is providing international companies Real estate and services. Crown Energy has been active in the oil and gas business for more than 10 years. Today the only remaining asset in the energy field is a passive holding of energy reserves which following the signing of a sale and purchase agreement is being divested. Crown has withdrawn from and/or written down its other earlier Licence holdings.