January 27, 2012 – Electrical Business has learned of a change in Traxon Technologies Ltd.’s management team. Effective January 1, 2012, Nicolai Wiest resigned from his position as CEO. Effective the same date, managing director Mike Mastroyiannis was appointed CEO.

“On behalf of our entire organization, I wish Mr. Wiest every success in his future endeavour,” said Mastroyiannis. “I have worked with Mr. Wiest for nearly four years, during which time I have had the opportunity to share his vision and passion for this company.”