News: Microelectronics
8 August 2025
Sivers Semiconductors appoints Heine Thorsgaard as CFO
Sivers Semiconductors AB of Kista, Sweden (which supplies RF beam-former ICs for SATCOMs and photonic lasers for AI data centers) has appointed Heine Thorsgaard as its new chief financial officer (CFO), effective 1 September, responsible for global finance, investor relations and IT operations.
Since 2018, Thorsgaard has been CFO of Napatech, which sells high-speed, programmable network interface cards designed for real-time network performance management, cybersecurity, and data center.
“Heine brings a tremendous amount of relevant experience for our future ambition, in the areas of strategic finance, operational excellence, M&A, investor relations, fundraising and financing. He has a proven track record as a phenomenal business partner,” comments Sivers Semiconductors’ CEO Vickram Vathulya.
“We thank Lottie Saks for all her efforts and contributions over the last five years, both on the Sivers board and subsequently as our CFO,” he adds. During the transition period, Saks will ensure a smooth transition to the new CFO.
“The company’s innovative technologies and increasing customer traction position it strongly for scalable and sustainable value creation,” believes Thorsgaard. “I look forward to making a meaningful impact by leveraging my experience to support strategic execution, drive future growth, and contribute to long-term success for our shareholders.”
Prior to Napatech, Thorsgaard had a CFO and financial executive leadership career across the IT, technology and professional services sectors, with exposure to Europe and the USA, for over 15 years. He has a PhD and Masters degree in finance from Copenhagen University and a Masters degree in international business from Roskilde University.
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