Very experienced board professional with a background as a long-time CFO of AUDI AG
Munich, Germany, July 6, 2023 – Codasip, the leader in RISC-V custom computing, is pleased to announce that Axel Strotbek has been appointed as its new CEO. The announcement is part of a long-term strategic initiative focused on key customer segments such as the automotive industry, while building a Board of Directors with global industrial and financial expertise. The appointment also underscores the company’s strong European presence, with headquarters in Germany and major design centers in the Czech Republic and the United Kingdom.
Axel Strotbek is a very experienced executive board professional who was CFO and member of the board of AUDI AG for ten years. Previously, he served as Executive Vice President and Head of Finance in several entities of the Volkswagen Group. Axel Strotbek is currently a member of the supervisory board for several corporations, holds a position as a senior advisor at McKinsey & Company and supports executives as a business coach. Axel Strotbek holds an MBA from the University of Illinois and a Master of Science in Industrial Engineering from Karlsruhe Institute of Technology in Germany and Linköping University in Sweden.
“This is an exciting time for Codasip. The needs of the semiconductor industry are changing rapidly and Codasip is in the right place at the right time. The company offers unique technology and is well funded by both VCs and the EU. I look forward to working with a team that has already achieved a lot to build on this momentum and help the company reach its full potential,” said Axel Strotbek.
Ron Black, CEO of Codasip, commented, “Axel is ideally suited for the role of Codasip’s CEO. He is educated as an engineer and in business administration and finance. Additionally, he brings significant insight into the needs of the automotive industry, which is rapidly adapting to innovation and, in many ways, will pave the way for change in the semiconductor industry. Axel recognizes the potential of Codasip’s unique bespoke computing offering and I look forward to working closely with him to take the next steps on our growth trajectory.”
About Codasip
Codasip is a processor technology company that enables system-on-chip designers to differentiate their products for competitive advantage. Customers are uniquely leveraging the transformative potential of the open RISC-V ISA through Codasip’s tailored computing offering: Codasip Studio design automation tools and a fully open architecture licensing model are combined with a range of processor IPs that can be easily customized. The company is proud to be European and serves a global market where billions of devices are already supported by Codasip technology. Learn more at www.codasip.com
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media contacts
David Marsden, PR & Communications Global
david.marsden@codasip.com +44 7968 407739
