LION E-Mobility AG, a manufacturer of lithium-ion battery packs for electric mobility and energy storage solutions, has announced that Alessio Basteri will step down from its Board of Directors. The announcement, distributed via NEWMEDIAWIRE, did not specify a reason for the departure but outlined immediate plans to identify a replacement.
Basteri reflected on his tenure with gratitude. “I am grateful to my colleagues at LION, and especially to my fellow Board members, for their trust and collaboration. It has been an amazing journey. I will continue to do what I can to support LION’s Italian BESS opportunity,” he said. His reference to Italy’s battery energy storage system (BESS) market signals that the company’s strategic interests there remain a priority even as his board role ends.
Ian Mukherjee, Chairman of the Board of Directors, acknowledged Basteri’s long service, noting that he had served as Chairman for many years. “Alessio has served LION as Chairman for many years, and his work and commitment have been greatly valued. On behalf of the Board, I would like to express my sincere thanks for his contribution to the Company and for the time and dedication he has given to the role. We also appreciate his willingness to continue supporting LION’s Italian BESS opportunity, and we wish him every success in the future,” Mukherjee said.
The company stated it will immediately begin the process of identifying a new Board member resident in Switzerland. That requirement is notable for a Swiss-incorporated company listed on the Munich, Frankfurt, and Hamburg stock exchanges. A Swiss-resident director can strengthen local governance and ensure close alignment with Swiss corporate obligations, which may be important to investors monitoring board composition and oversight.
LION E-Mobility AG, founded in 2011, produces customized plug-and-play battery packs for electric vehicles as well as stationary and industrial applications. It operates highly automated module assembly lines at its own production facility in Germany and emphasizes safety, quality, and reliability in its battery packs. More information about the company is available at www.lionemobility.com.
For readers and industry observers, the board transition comes at a time when the battery and energy storage sector is attracting intense interest. A change in board membership can affect strategic continuity, especially regarding projects like the Italian BESS opportunity that Basteri has offered to continue supporting. The company’s prompt search for a Swiss-resident director suggests it aims to maintain stable governance without disruption. The full release can be viewed through www.newmediawire.com.
While the announcement does not disclose financial terms or a timeline for appointing a successor, the immediate start of the search indicates the board intends to move quickly. Stakeholders will likely watch for the appointment of a new director and any further updates on LION’s Italian battery storage plans, as both could influence the company’s strategic direction in the competitive electric mobility and energy storage markets.
