Kempower announces change in management

Bhasker Kaushal will become the new President and CEO of Kempower on 2 June 2025. The current CEO, Tomi Ristimäki, will remain with Kempower until early December 2025 to support Bhasker Kaushal in an advisory capacity during the transition period.

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Image: Kempower

Ristimäki joined Kempower in 2019, when the company was still essentially a startup in the DC charging sector. “Under his tenure, Kempower has built a strong global position in DC fast-charging market. Tomi is renowned for his strong expertise regarding customers, products, business, as well as for his growth minded leadership that is inspiring for Kempower organization,” said Vesa Laisi, Chairman of the Board. “The company is now at the stage of development where it is a good time to transfer leadership to a new CEO.”

That change will take place in just a few weeks. However, the newcomer Kaushal is new to the charging industry: He is currently the head of Sensitech, a provider of supply chain visibility solutions and part of the US-based Carrier Corporation. Originally from India, he studied in his home country and later in the United States, and has worked for various global companies, where, according to his future employer, he was “driving strategy development, services, technology leadership and delivering revenue growth.”

He will need precisely these qualities when he takes up his new position at Kempower’s headquarters in Helsinki. “He has a strong track record of accelerating growth at Carrier. In his previous positions, he has demonstrated the strategic insight and vision, developed deep organizational capabilities, and built high-performing teams, important for a CEO of Kempower,” says Laisi about the newcomer.

“Tomi and the entire Kempower team have done an outstanding job growing and developing the company from a startup into a global industry leader in just a few years,” said the future CEO Kaushal. “Kempower is now ready for its next growth phase and I’m truly excited to join the team and work together toward our ambitious goals, and deliver value to our customers, employees and shareholders.” 

“I am very proud of developing the company together with whole personnel from a private startup to an industrial scale listed company. I believe that now is a good time both for the company and for me personally to move on,” added Ristimäki. “I will be available in an advisory role on an interim basis to support the Kempower and Bhasker Kaushal in his new role.”

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