Octave Unveils New Leadership Team

Octave, the proposed software spin-off from Hexagon AB, announced its executive leadership team. Octave will focus on enterprise software. Hexagon expects Octave to list on a U.S. national securities exchange. It also 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). Octave’s software solves for and simplifies complexity, from the design and build to operations and protection of people, property and assets, the spinoff reports. 

“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,” says 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. 

Ben Maslen, Chief Financial Officer: Current chief strategy officer of Hexagon, a role he has held since 2017.

Jay Allardyce, Chief Product Officer: Recognized leader across the AI and enterprise software industries with over 20 years of experience building and transforming organizations. 

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. 

Tony Zana, Chief Legal Officer: Current general counsel and chief compliance officer for Hexagon, roles he has held since 2019. 

David Cryer, Chief Marketing Officer: Marketing leader with demonstrated success in driving digital transformation at Hexagon Asset Lifecycle Intelligence. 

Jennifer Kaplan, Chief Human Resources Officer: Established human resources leader with more than 25 years of leadership at global technology companies. 

Vivek Mokashi, Chief Technology Officer: Engineering leader with three decades in product design, development and support.

Scott Moore, Chief Operating Officer: Veteran executive with more than 30 years of operational and financial leadership experience. 

Operating in 45 countries and major corporate hubs in key regions, Octave’s global presence will allow 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. 

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

Sources: Press materials received from the company and additional information gleaned from the company’s website.