Johan Thiel has been appointed chairman of the board of Inuheat Group, a Swedish developer of novel solutions for embedding wearable heating into clothing. Thiel served as chief executive of MIPS AB from 2013 to 2019. In 2017, he successfully guided MIPS to a public offering on the NASDAQ exchange in Stockholm and was nominated for Business Achievement of the Year by Svenska Dagbladet in 2019. Thiel is also a board member of the growth company Qlucore and senior adviser to Audido and Marsblade.
At the same time, Inuheat’s board is being strengthened with the additions of Rolf G. Schmid and Johan Wennerholm. Schmid served as chief executive officer of Mammut for 20 years. Today, he is an independent board member of several companies in the textile and sports industry, including the Fenix Group. Wennerholm has participated in several growth companies listed on the Stockholm Stock Exchange, including as chief financial officer of Cellavision and Enzymatica. He holds board assignments in several listed growth companies such as Scandinavian Chemotech and Invent Medic Sweden. Thiel, Schmid and Wennerholm join the two founders, Rickard Rosendahl, chief executive officer, and Stefan Carlsson, chief product officer, together with investor Stefan Hansson on the new Inuheat board.
Key early product categories of Inuheat include heated gloves, heated socks and heated base layer garments where the heating materials need to be soft, flexible, durable and machine washable. Inuheat’s patented heating system includes proprietary heating yarns, connectors, power control units and companion mobile app with multiple consumer-controllable features. According the company, Inuheat has about twenty ongoing projects and last year raised SEK 40 million (€3.8m-£4.1m) in a targeted new share issue to accelerate marketing and sales. Inuheat was founded in 2013.