Octave unveils leadership team to lead the next era of industrial software innovation

HUNTSVILLE, Ala. - Octave, the proposed software spin-off from Hexagon AB, today announced its executive leadership team, uniting visionary leaders, proven innovators and industry veterans. Octave will be a leader in enterprise software, turning data into decisive action and delivering intelligence at scale for its customers. Hexagon expects Octave to list on a U.S. national securities exchange and it recently confirmed the duration of the related Swedish Depository Receipt program.

Octave is anticipated to include Hexagon's Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, along with ETQ (from the Manufacturing Intelligence division) and Bricsys (from the Geosystems division), creating one of the world's leading pureplay software companies. Octave's software solves for and simplifies complexity, from the design and build to operations and protection of people, property and assets - for any scope, at any scale.

"Octave is positioned to redefine how industries operate - helping the world's most essential organizations harness data and AI to drive resilience, safety and profitability," said Mattias Stenberg, prospective CEO of Octave. "This leadership team combines unmatched experience in scaling global software businesses with a clear vision of what's possible in the future."

Executive Leadership Team

Mattias Stenberg, Chief Executive Officer: Current President of Hexagon's Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, Stenberg has led the Hexagon Asset Lifecycle Intelligence division since 2017. Previously, Stenberg served in leadership roles spanning strategy, M&A and corporate development at Hexagon AB. He also serves as a board member at Sinch AB.

Ben Maslen, Chief Financial Officer: Current Chief Strategy Officer of Hexagon, a role he has held since [2017]. Prior to Hexagon, Maslen held leadership and equity research roles at Morgan Stanley and Bank of America Merrill Lynch.

Jay Allardyce, Chief Product Officer: Recognized leader across the AI and enterprise software industries with over 20 years of experience building and transforming organizations. Previously served as co-founder of GenAI.Works, with prior leadership roles at HP, GE, Uptake, Google and insightsoftware.

Tamara Adams, Chief Revenue Officer: A global sales leader with over 20 years of experience driving transformation and growth across technology, sales, marketing and operations. She previously served in sales leadership roles at Honeywell, Oracle and, most recently, as Chief Revenue Officer at Dotmatics LLC, which was acquired by Siemens.

Tony Zana, Chief Legal Officer: Current General Counsel and Chief Compliance Officer for Hexagon, roles he has held since 2019. Zana, a U.S. qualified attorney, has over 20 years of experience with the businesses comprising Octave, including previously serving as Vice President, General Counsel and Corporate Secretary of Intergraph.

David Cryer, Chief Marketing Officer: Proven marketing leader with demonstrated success in driving digital transformation at Hexagon Asset Lifecycle Intelligence. Prior to Hexagon, Cryer held various leadership roles at Microsoft.

Jennifer Kaplan, Chief Human Resources Officer: Established human resources leader with more than 25 years of leadership at global technology companies. Kaplan currently leads human resources for Hexagon Asset Lifecycle Intelligence.

Vivek Mokashi, Chief Technology Officer: Engineering leader with three decades in product design, development and support, Mokashi currently serves as CTO for Hexagon Asset Lifecycle Intelligence.

Scott Moore, Chief Operating Officer: Veteran executive with more than 30 years of operational and financial leadership experience. Moore currently serves as both chief financial officer and chief operating officer for Hexagon's Asset Lifecycle Intelligence division, where he directs all aspects of the division's global finance and business operations.

With presence in 45 countries and major corporate hubs in all of our key regions, Octave's global presence will enable close collaboration with customers worldwide.

Additionally, Elizabeth Chwalk has been named Vice President, Investor Relations for Octave. Chwalk is a seasoned IR leader and former equity research analyst who brings a deep understanding of SaaS businesses, recurring revenue models and capital markets. Most recently, she led Investor Relations at Rapid7.

Subject to final board, shareholder and regulatory approvals, Octave's separation and listing are targeted for the first half of 2026.

---

About Octave

Combining advanced data analytics, AI capabilities and decades of domain expertise, Octave empowers smarter decisions across the industrial and public sectors. Octave will be a pureplay software and SaaS company focused on helping customers make smarter, more data-driven decisions across their organization. Octave's portfolio will help customers design, build, operate and protect more effectively, enabling clearer insights and better incident response.