{"url":"https://newsforagent.com/news/2026-11-13/hydrogenpro-cfo-holtet-resigns-zeng-interim","markdown_url":"https://newsforagent.com/news/2026-11-13/hydrogenpro-cfo-holtet-resigns-zeng-interim.md","title":"HydrogenPro CFO Martin Thanem Holtet Resigns","headline":"HydrogenPro CFO Martin Thanem Holtet to Leave on 30 November 2026; Cheng Zeng Named Interim","description":"HydrogenPro CFO Martin Thanem Holtet resigns effective 30 November 2026, with Cheng Zeng appointed interim CFO from 1 December 2026.","section":"Leadership","published_at":"2026-11-13T06:48:55+00:00","modified_at":"2026-11-13T06:48:55+00:00","author":"News Desk","key_takeaways":["Martin Thanem Holtet will step down as HydrogenPro CFO on 30 November 2026 and remain available through December 2026.","Cheng Zeng, Director of Financial Planning & Analysis and Investor Relations, becomes interim CFO on 1 December 2026.","CEO Jarle Dragvik said Holtet played a vital role in HydrogenPro's development over the past five years."],"companies":[{"name":"HydrogenPro","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000jg9/hydrogenpro","website":"http://www.hydrogen-pro.com"}],"source":{"publisher":"Investegate","title":"HydrogenPro ASA: Chief Financial Officer Resigns","url":"https://www.investegate.co.uk/announcement/mfn/hydrogenpro-asa--0acl/hydrogenpro-asa-chief-financial-officer-resi-/9873376"},"other_sources":[],"tags":["Leadership","HydrogenPro"],"body_markdown":"HydrogenPro's Chief Financial Officer, Martin Thanem Holtet, has resigned to pursue opportunities outside the company, with his role ending on 30 November 2026. The company announced the move on 13 November 2026, according to [Investegate](https://www.investegate.co.uk/announcement/mfn/hydrogenpro-asa--0acl/hydrogenpro-asa-chief-financial-officer-resi-/9873376).\n\n## Holtet's Exit and Zeng's Interim Appointment\n\nHoltet will stay in his position until 30 November 2026 and will be available to support [HydrogenPro](https://akta.pro/company-profiles/0000jg9/hydrogenpro) throughout December 2026 to ensure an orderly transition of responsibilities. Cheng Zeng, currently Director of Financial Planning & Analysis and Investor Relations, has been appointed Interim Chief Financial Officer effective 1 December 2026.\n\nZeng brings knowledge of the company's business, financial operations, reporting processes and capital markets activities, and will work closely with the executive management team and the Board of Directors during the transition period. Jarle Dragvik, Chief Executive Officer of HydrogenPro, said: \"Martin has played a vital role in HydrogenPro's development over the past five years. We sincerely thank him for his dedication, leadership and valuable contributions to the Company. We are also pleased that Cheng has accepted the interim CFO position, ensuring continuity and a smooth transition.\"\n\nHoltet said: \"It has been a privilege to be part of HydrogenPro's journey since early 2021. I am proud of what we have achieved together, from scaling the organization and establishing industrial manufacturing capabilities to delivering major electrolyzer projects. I am grateful to the many talented colleagues I have had the opportunity to work with and remain committed to ensuring an orderly transition.\" HydrogenPro said it remains focused on its ongoing financing activities and strategic priorities.\n\n## HydrogenPro's Funding Record\n\nHydrogenPro executed a NOK 70M equity private placement from LONGI Hydrogen in July 2025, improving its cash position to NOK 121M and adding a Chinese hydrogen strategic investor, according to akta.pro [company records](https://akta.pro/company-data). The company has seven funding rounds on record, including a 2026-06 post-IPO equity round of $1.5 million, a 2024-12 post-IPO equity round of $6.2 million led by LONGi Hydrogen Energy, a 2024-10 grant of $17.8 million led by the European Commission and a 2024-05 grant of $5.1 million led by the Export and Investment Fund.\n\n## HydrogenPro's Recent Financing Steps\n\nOn 13 November 2026, HydrogenPro announced its third quarter 2026 results and an update on its strategic review, which has not yet yielded a financing solution or strategic transaction, Investegate reported. In July 2026, HydrogenPro said it would consider a subsequent offering of new shares following the completion of a private placement that raised approximately NOK 70 million, AInvest reported. In June 2026, HydrogenPro announced a private placement raising approximately NOK 15 million through new shares at NOK 0.5 per share, AInvest reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}