Kempower, a Finnish EV charging manufacturer that rode two Nasdaq listings to global ambition, now faces a major executive transition, just as it expands across Europe and launches megawatt charging hardware. The choice of successor will shape how Kempower navigates its next phase.
Shortly before the Ascension Day break, Kempower announced that CFO Jukka Kainulainen will leave the company after five years in the role. He will remain until early September to support the transition while the board searches for a successor.
Hours later, Revenio Group announced Kainulainen as its incoming CFO and leadership team member, effective no later than 1 September 2026.
The release itself was short. The significance is not.
Kainulainen joined Kempower before its public market era and became one of the key executives behind the company’s transition into a listed Nordic growth company. During his tenure, Kempower completed its 2021 listing on Nasdaq First North Growth Market Finland before moving to the Nasdaq Helsinki Main Market in 2023, a step that broadened the company’s institutional investor reach as it expanded internationally.
“Jukka has played a key role at Kempower over the last 5 years, in particular the company’s listing on Nasdaq First North Growth Market Finland in 2021 and the transfer to the Nasdaq Helsinki Main Market two years ago,” CEO Bhasker Kaushal said. “On behalf of the entire Kempower team, I want to thank Jukka and wish him every success in the next chapter.”
The emphasis in Kempower’s statement was notable. The company framed Kainulainen’s contribution primarily through the lens of listings, governance, and corporate development rather than operational finance.
That reflects the role he played during Kempower’s transition from growth company to publicly traded industrial technology group. His departure leaves a gap at a moment when investor communication and capital discipline remain central to the company’s credibility story.
Expansion continues while profitability remains in focus
Kainulainen exits during an active period for Kempower commercially and strategically. In the same week, the company announced an expanded European charging infrastructure partnership with Circle K, building on more than 200 charging points already deployed in Sweden and Norway. The agreement extends the relationship into additional European markets over the coming years.
Kempower also introduced its Mega Satellite Flex charger at the ACT Expo in Las Vegas on 6 May. The new system supports both high power CCS charging of up to 560 kW and Megawatt Charging System charging of up to 1.2 MW. Commercial availability in Europe and North America is scheduled for July 2026.
At the same time, the company is still working through the economics of scaling. Kempower reported a net loss of EUR 26.2 million for 2025, and shareholders approved no dividend at the 2026 AGM.
The board itself remained largely stable at the AGM held on 6 May in Lahti. All eight directors were re-elected. Vesa Laisi became chair, while Antti Kemppi was confirmed as vice chair.
Shareholder authorizations approved at the meeting also give management flexibility during the transition period. The board received authorization to repurchase up to 5% of outstanding shares and issue up to 10% new shares, including up to 2 million shares for incentive programs.
What comes next for Kempower
Kempower has not provided further detail on the CFO succession process, including whether the search is internal or external. But the appointment will carry weight beyond finance alone.
The incoming CFO will inherit a company balancing several priorities simultaneously: scaling European infrastructure partnerships, commercializing megawatt charging technology, managing expansion across Europe and North America, and improving profitability after a loss-making year.
Just as importantly, the successor will become a central figure in maintaining investor confidence during the next stage of Kempower’s growth story.
What Kempower is aiming to accomplish | |
|---|---|
Path to profitability | Having recorded a EUR 26.2M net loss in 2025, the incoming CFO must demonstrate a credible trajectory toward break-even and positive cash generation. |
European infrastructure leadership | The Circle K partnership targets broad European deployment over multiple years, building on 200+ chargepoints in Sweden and Norway. |
Megawatt charging (MCS) transition | The Mega Satellite Flex (available July 2026) positions Kempower to own the infrastructure layer of the MCS shift for heavy-duty commercial vehicles. |
US manufacturing growth | With facilities in Finland and the US, Kempower is deepening North American supply-chain domesticity — a tariff hedge and competitive differentiator. |
Sustainability leadership | The 2026 NC State Manufacturing Leadership Award signals a deliberate effort to embed environmental performance into the corporate narrative. |
Board-level capital discipline | Buyback and share issuance authorizations, alongside zero dividend, frame a posture of preserving flexibility and protecting the balance sheet. |
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Kempower, a Finnish EV charging manufacturer that rode two Nasdaq listings to global ambition, now faces a major executive transition, just as it expands across Europe and launches megawatt charging hardware. The choice of successor will shape how Kempower navigates its next phase.
Shortly before the Ascension Day break, Kempower announced that CFO Jukka Kainulainen will leave the company after five years in the role. He will remain until early September to support the transition while the board searches for a successor.
Hours later, Revenio Group announced Kainulainen as its incoming CFO and leadership team member, effective no later than 1 September 2026.
The release itself was short. The significance is not.
Kainulainen joined Kempower before its public market era and became one of the key executives behind the company’s transition into a listed Nordic growth company. During his tenure, Kempower completed its 2021 listing on Nasdaq First North Growth Market Finland before moving to the Nasdaq Helsinki Main Market in 2023, a step that broadened the company’s institutional investor reach as it expanded internationally.
“Jukka has played a key role at Kempower over the last 5 years, in particular the company’s listing on Nasdaq First North Growth Market Finland in 2021 and the transfer to the Nasdaq Helsinki Main Market two years ago,” CEO Bhasker Kaushal said. “On behalf of the entire Kempower team, I want to thank Jukka and wish him every success in the next chapter.”
The emphasis in Kempower’s statement was notable. The company framed Kainulainen’s contribution primarily through the lens of listings, governance, and corporate development rather than operational finance.
That reflects the role he played during Kempower’s transition from growth company to publicly traded industrial technology group. His departure leaves a gap at a moment when investor communication and capital discipline remain central to the company’s credibility story.
Expansion continues while profitability remains in focus
Kainulainen exits during an active period for Kempower commercially and strategically. In the same week, the company announced an expanded European charging infrastructure partnership with Circle K, building on more than 200 charging points already deployed in Sweden and Norway. The agreement extends the relationship into additional European markets over the coming years.
Kempower also introduced its Mega Satellite Flex charger at the ACT Expo in Las Vegas on 6 May. The new system supports both high power CCS charging of up to 560 kW and Megawatt Charging System charging of up to 1.2 MW. Commercial availability in Europe and North America is scheduled for July 2026.
At the same time, the company is still working through the economics of scaling. Kempower reported a net loss of EUR 26.2 million for 2025, and shareholders approved no dividend at the 2026 AGM.
The board itself remained largely stable at the AGM held on 6 May in Lahti. All eight directors were re-elected. Vesa Laisi became chair, while Antti Kemppi was confirmed as vice chair.
Shareholder authorizations approved at the meeting also give management flexibility during the transition period. The board received authorization to repurchase up to 5% of outstanding shares and issue up to 10% new shares, including up to 2 million shares for incentive programs.
What comes next for Kempower
Kempower has not provided further detail on the CFO succession process, including whether the search is internal or external. But the appointment will carry weight beyond finance alone.
The incoming CFO will inherit a company balancing several priorities simultaneously: scaling European infrastructure partnerships, commercializing megawatt charging technology, managing expansion across Europe and North America, and improving profitability after a loss-making year.
Just as importantly, the successor will become a central figure in maintaining investor confidence during the next stage of Kempower’s growth story.
What Kempower is aiming to accomplish | |
|---|---|
Path to profitability | Having recorded a EUR 26.2M net loss in 2025, the incoming CFO must demonstrate a credible trajectory toward break-even and positive cash generation. |
European infrastructure leadership | The Circle K partnership targets broad European deployment over multiple years, building on 200+ chargepoints in Sweden and Norway. |
Megawatt charging (MCS) transition | The Mega Satellite Flex (available July 2026) positions Kempower to own the infrastructure layer of the MCS shift for heavy-duty commercial vehicles. |
US manufacturing growth | With facilities in Finland and the US, Kempower is deepening North American supply-chain domesticity — a tariff hedge and competitive differentiator. |
Sustainability leadership | The 2026 NC State Manufacturing Leadership Award signals a deliberate effort to embed environmental performance into the corporate narrative. |
Board-level capital discipline | Buyback and share issuance authorizations, alongside zero dividend, frame a posture of preserving flexibility and protecting the balance sheet. |
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