Ankush Malhotra appointed as new Group CEO of Element Logic

Element Logic co-founder Dag-Adler Blakseth hands over the baton

"Ankush Malhotra is the right person to lead the company in the important global moves ahead," said Dag-Adler Blakseth, former Group CEO of Element Logic.

It was announced today that Ankush Malhotra has been appointed as the new Group CEO of technology and automation company Element Logic. He succeeds Dag-Adler Blakseth, who co-founded the company nearly 40 years ago. After 30 years at the helm of the company, Blakseth is now retiring from day-to-day management.

"I am tremendously looking forward to joining this great company. Element Logic has experienced an impressive growth trajectory and has great ambitions for the future. I am excited to be part of this passionate group and look forward to creating value and continuing to grow the company in the coming months and years," says Ankush Malhotra.

Based in London, Malhotra brings relevant experience from his 18 years at Fluke Industrial, a company that is a global leader in its industry. Here he held various positions in both the U.S. and the U.K., the last four years as President of the company. Malhotra begins immediately in his new role as CEO.

"With the global expansion the company is now striving for, it is a natural time to hand over the baton. Ankush Malhotra is an ambitious and internationally experienced leader who understands what it takes to be successful as a global company. His leadership style and principles align well with what we represent and strive for at Element Logic. His extensive knowledge of managing a growing company with diverse complexity in a global market makes him the ideal choice for the next part of our journey," says Dag-Adler Blakseth, former Group CEO of Element Logic. He now joins as Chairman of the Board of Directors.

Ambitious growth plans ahead

In recent years, Element Logic has expanded significantly, expanding into new markets. In the past three years, the company has grown from 12 to 19 markets, from one to three continents and from 170 to 900 employees worldwide. Now its ambition is to capture even more market share, both inside and outside Europe, and grow into the leading provider of automated warehouse solutions worldwide.

"The next chapter of Element Logic is an exciting one. We have ambitious plans to increase our market share globally through international expansion, additional geographic entries and broader offerings. Together with the talented team at Element Logic, I will use my experience and knowledge to achieve profitable growth in all markets while maintaining a people-oriented culture," concludes Malhotra.