Denmark’s LiqTech International Inc, manufacturer of silicon carbide membrane filtration technologies, announced the appointment of Finn Helmer as its new CEO on 27 March 2013.
Aldo Petersen, chairman of LiqTech, stated, “Helmer’s record of success includes some notable transactions including, in particular, his role as CEO of GIGA A/S, a small company in the NKT Group. When he joined GIGA as its seventh employee, it had limited capital, was not profitable and had revenue of less than US$ 1 million. In less than 5 years, GIGA employed 100 people, was generating revenues and pre-tax profit of US$ 135 million and US$ 73 million respectively. In 2000 Intel (USA) acquired GIGA for US$ 1.25 billion.”
Petersen concluded, “Finn’s ability to grow small technologically advanced companies is going to be invaluable to LiqTech, particularly as we enter into a very important period for our silicon carbide membrane technology. I look forward to Finn’s leadership and enthusiastically support his addition to the management team.”