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Allego Appoints New Chief Technology Officer

1. Allego announces new CTO, Holger Riemenschneider, enhancing leadership. 2. Holger's background includes significant experience in e-mobility technology. 3. Allego aims for innovation and sustainable growth in electric mobility. 4. The company operates over 35,000 charging points in 16 countries. 5. Leadership change indicates Allego's commitment to technological advancement.

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FAQ

Why Bullish?

The appointment of a highly qualified CTO may improve operational efficiency and innovation, critical for growth in the competitive EV market. Historical examples like Tesla's leadership changes have often preceded rapid stock gains due to strategic pivots.

How important is it?

The strategic appointment of a new CTO in a competitive field is pivotal, suggesting a shift towards enhanced innovation that may attract investors and elevate stock value.

Why Long Term?

New technology leadership will likely lead to innovations that shape Allego's competitiveness over time, not just immediate gains. Historically, companies that invest in strong technological leadership see gradual but substantial growth.

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Arnhem, Netherlands, July 01, 2025 (GLOBE NEWSWIRE) -- Allego N.V. (“Allego” or the “Company”), a leading provider of electric vehicle charging solutions, announces the appointment of its new Chief Technology Officer, Holger Riemenschneider, bringing on board an industry expert with a stellar track record in the e-mobility and automotive sectors. This strategic addition to the executive team reinforces Allego’s commitment to innovation, technological excellence, and sustainable growth within the rapidly evolving world of electric mobility. Born in Germany, Holger's academic path features a degree in Mechatronic Engineering, further complemented by a Master of Business Administration pursued in parallel with professional responsibilities. Holger's career in emobility launched at RWE, then one of Germany’s largest utilities, where the focus was on developing intelligent and connected AC infrastructure. In 2021, he transitioned to IONITY, with a sharpened focus on DC infrastructure and IT systems. There, Holger was initially responsible for developing their backend system into a robust technology platform, and since 2023, has held overall technology leadership as Director of Technology. With over a decade of hands-on experience spanning AC and DC emobility business, technology leadership, and large-scale international project execution, Holger is poised to propel Allego’s technology strategy to new heights. Steven Salo, Allego’s Executive Officer, says, “Allego welcomes its new CTO and looks forward to a dynamic chapter of collaboration and innovation, continuing to lead the charge towards a brighter, cleaner, and more connected mobility future.” xxx About Allego Allego is a market-leading provider of electric vehicle charging infrastructure. Allego is dedicated to accelerating the transition to electric mobility using 100% renewable energy. With a network of over 35,000 charging points spanning more than 16 countries, Allego delivers sustainable, independent, reliable, and safe charging solutions to EV drivers across Europe, agnostic of vehicle model or network affiliation. For more information, please visit www.allego.eu. Allego Contacts: Mediapress@allego.eu

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