The change of CEO seems to be a logical decision as Solar Foods moves from the product development phase to the commercialization phase, which requires a different set of skills from the CEO.

The Solar Foods Capital Markets Day provided a concrete insight into Solein's commercialization process, the upcoming 02 factory investment and the company's financial targets. The content of the Capital Markets Day focused on Solar Foods' role as a manufacturer of Solein, which is a capital-intensive route to scaling the business.

In its CMD, Solar Foods presented its strategic priorities, Solein’s commercialization process, technology projects and its financial targets for 2027-2030 and 2031-2035.

In its 2025-2030 strategy period, Solar Foods will focus in particular on the Health & Performance Nutrition segment in the US, where its spearhead product, Solein, was approved during the fall.

The company achieved self-affirmed GRAS (Generally recognized as safe) status for Solein in the US in September 2024. Since then, Solar Foods has registered its Factory 01 production facility in Vantaa, Finland, with the US Food and Drug Administration (FDA) and completed other requirements to commercialize Solein in the United States. 

Solar foods announced on Wednesday that a total of 51,942 new shares have been subscribed for under the 1/2023 and 1/2024 stock option plans.