Nanotechnology company Smoltek's CEO Magnus Andersson will also take on the same role in the subsidiary Smoltek Hydrogen, according to a press release.The change comes as Smoltek Hydrogen, together with the German industrial group Heraeus, enters a new phase with a focus on validation and commercialization of the company's technology for PEM electrolyzers. Smoltek Hydrogen's current CEO Ellinor Ehrnberg is leaving to work on new projects."After just over five years, it is the right time for me to focus on developing my own company and on new projects where I can contribute my experience of building businesses, commercializing new technology and driving innovation," Ehrnberg says in a comment.According to Smoltek, the leadership change will strengthen coordination and create synergies between the group's technology and business development.