The Board of Directors of Litium AB has today appointed Martin Billenius as the company’s new CEO. Martin, who has served as a board member of Litium since 2023, brings extensive experience from his role as Chief Revenue Officer at the global SaaS company Medius. In that position he was responsible for building and scaling the business globally, helping it grow into Sweden’s largest SaaS company with billion‑SEK revenues.
Patrik Settlin to step down as CEO
Patrik Settlin, who has been CEO of Litium since 2020, has informed the board that he will resign from his role as CEO. Patrik will remain with the company to ensure a smooth handover until the summer of 2025.
A well-considered leadership transition
“I have personal business ideas and opportunities I have wanted to pursue for some time. That drive has grown stronger, and now feels like the right moment to take that step. Litium is in a strong position — we have made significant progress, but the journey is just beginning. Handing over the baton now, as the company prepares for its next growth phase, feels absolutely right. I care deeply about the company and our outstanding colleagues, and passing the leadership to Martin gives me great confidence. I am convinced he is the right person to lead Litium to new heights,” says Patrik Settlin.
Litium’s growth under Patrik Settlin’s leadership
Under Patrik Settlin’s leadership, Litium has nearly doubled its revenue and reached profitability. The company has built a strong customer base with leading brands and established a prominent position in attractive market segments. Today Litium is one of the region’s largest platforms for digital commerce.
Strong prospects with Martin Billenius
“A big and warm thank you to Patrik and the entire organization for the impressive work carried out over the past five years. The company has taken major steps forward and now stands on a solid foundation to face future challenges. Perfect timing is rare, but in this case we could not have asked for a better solution — welcoming Martin as the new CEO is an ideal scenario for Litium’s continued development,” says Johan Rutgersson, board member of Litium.
Martin Billenius to assume CEO role in February 2025
Martin Billenius will take up the position of CEO on 14 February 2025 and will at that time resign his seat on the board.
Focus on global growth
“I am incredibly pleased and proud to lead Litium into its next phase. The company has a strong product and significant opportunities in the global B2B market. Very early on I saw Litium’s enormous potential, and I believe that with a clearer offering and a bolder push into international markets over time we can achieve even greater success. I look forward to building on what has already been accomplished and driving our growth together with the team, our customers and partners,” says Martin Billenius, incoming CEO of Litium.