Matthias Taft Joins Sweden’s OX2 As Chief Executive Officer

Following its acquisition by EQT, Swedish renewable energy developer OX2 has announced the appointment of former Chief Executive Officer (CEO) of Germany’s BayWa r.e., Matthias Taft, as its new CEO. 

Taft recently exited BayWa, a renewable energy company that he led as the CEO since 2021. His departure followed a €3 billion refinancing package that BayWa raised amid tough market conditions (see BayWa r.e. CEO To Step Down After Refinancing). 

“Joining OX2 feels like a natural step in a journey that’s always been about making a real impact. With my experience and expertise in the industry, I will do my utmost to support the company as we strive to become one of the most reputable global developers, with an outstanding and high-performing IPP portfolio,” said Taft as he joined the company on September 1, 2025.

He has succeeded OX2’s CEO since 2011, Paul Stormoen, who will transition to a board member position to ensure continuity. Stormoen led the company through its transition from an onshore wind farm company to an international independent power producer (IPP).

Last year, in October 2024, OX2 appointed Roshan Saldanha as its new chief financial officer (CFO) (see OX2 Finds New CFO Amid Successful Takeover From EQT).