Lars Ljungström appointed cellcentric Managing Director (CFO)

Kirchheim/Teck - cellcentric, the 50:50 fuel cell joint venture of Daimler Truck and the Volvo Group, announces a change in its management board. In August 2026, Lars Ljungström enters the position of Chief Financial Officer (CFO) and Managing Director.

Ljungström brings many years of experience in various leadership roles in Sweden and the United States. Most recently, Lars Ljungström served as Vice President of Strategy & Business Development at Volvo Penta North America.

Over the past 20 years, Ljungström has held various positions in the U.S. - primarily within business units of the Volvo Group - that are closely related to his responsibilities as Chief Financial Officer at cellcentric. Vital steps in his career paths include CFO positions at Volvo Penta of the Americas, GKN Aerospace, Volvo Group Trucks Operations of the Americas and Volvo Aero Connecticut LLC.

“I am delighted to contribute to the further advancement of cellcentric and its fuel cell technology and to play an active role in shaping the continued industrialization journey. At cellcentric, we are driving the future of fuel cell-electric powertrains forward every day. I’m proud to now be part of that team, being able to make a significant contribution to the decarbonization and resilience of heavy-duty long-haul freight transport and other heavy-duty applications.”, says Lars Ljungström, looking ahead.

“cellcentric’s globally active shareholders, Daimler Truck and the Volvo Group, are known for their focus on strong innovations, long-term visions for sustainable transport, and exceptional financial strength. Combined with cellcentric’s strong expertise in fuel cell technology, we are in an excellent position to contribute powerfully to the transformation journey of the heavy-duty industry. Our new BZA375 heavy-duty fuel cell system is an impressive proof point for that,” Lars Ljungström summarizes.

Nicholas Loughlan, Chief Technology Officer and Managing Director as well as Spokesperson of the cellcentric Management Board, says: “We are very pleased that Lars joins us at cellcentric! Lars has many years of experience in various leadership roles in strategy and finance both, in Sweden and the United States. Lars therefore will bring a strong entrepreneurial mindset to the cellcentric team. We are really happy to have him with us at cellcentric and in the management board of our company, joining Kai Wörner, our COO, and myself.”

In his new position as Managing Director and CFO, Lars Ljungström will succeed Niklas Ekström who leaves cellcentric end of July 2026 and moves back to his family in Sweden. Niklas will start as CFO for the Manufacturing Intelligence division within the Hexagon Group.

Nicholas Loughlan extends his thanks to Niklas Ekström: “The cellcentric management board as well as the entire cellcentric team thank Niklas for his valuable and outstanding contribution in establishing cellcentric as an independent tier1-supplier for heavy-duty fuel cell technology, as well as for the great collaboration over nearly 5 years. He has been a fantastic colleague in his time at cellcentric, and we wish him all the very best for his future endeavors.”

About cellcentric

cellcentric develops, produces, and commercializes fuel cell systems for use in heavy-duty commercial vehicles and other applications with comparable requirements. cellcentric is a joint venture of Daimler Truck AG and the Volvo Group founded in 2021. The company leverages the know-how and extensive experience gained from decades of developing fuel cell systems by its predecessor companies. cellcentric’s goal is to become a leading global manufacturer and tier1 supplier of fuel cell systems and thus make a contribution to climate-neutral and sustainable transportation. More than 560 highly qualified employees are continuously advancing cellcentric’s state-of-the-art fuel cell technology. They work in interdisciplinary teams at sites in Kirchheim/Teck, Esslingen, Stuttgart (Germany) and Burnaby (Canada). Roughly 700 individual patents underline cellcentric’s leading role in fuel cell technology development.