Hexagon’s Likely Spin-off Octave Unveils Leadership Team!

Octave, the proposed software spin-off from Hexagon AB, has officially announced the formation of its executive leadership team. The announcement unites a group of proven innovators, seasoned executives, and visionary leaders tasked with steering Octave into its next chapter as one of the world’s largest pureplay software companies. Hexagon has already confirmed its expectation to list Octave on a U.S. national securities exchange, with the related Swedish Depository Receipt program duration also confirmed.

Octave is anticipated to combine Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, together with ETQ from Manufacturing Intelligence and Bricsys from Geosystems. By bringing these businesses under one entity, Octave positions itself to become a leader in enterprise software that simplifies complexity across industries—spanning the design, build, operations, and protection of people, property, and assets. The company’s mission is to turn data into decisive action, leveraging analytics and AI to deliver intelligence at scale.

Prospective CEO Mattias Stenberg, currently President of Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, emphasized Octave’s transformative role. “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,” he said. “This leadership team combines unmatched experience in scaling global software businesses with a clear vision of what’s possible in the future.”

The leadership team includes:

• Mattias Stenberg, CEO – Long-time Hexagon leader with expertise in strategy, M\&A, and corporate development, also serving on the board of Sinch AB.
• Ben Maslen, CFO – Currently Chief Strategy Officer at Hexagon with a background at Morgan Stanley and Bank of America Merrill Lynch.
• Jay Allardyce, CPO – Veteran of AI and enterprise software with leadership roles at Google, HP, GE, Uptake, and insightsoftware.
• Tamara Adams, CRO – Global sales leader with more than 20 years of experience at Honeywell, Oracle, and Dotmatics LLC.
• Tony Zana, CLO – U.S.-qualified attorney, Hexagon’s General Counsel since 2019, with more than two decades of legal experience across Hexagon’s businesses.
• David Cryer, CMO – Marketing leader who drove digital transformation at Hexagon Asset Lifecycle Intelligence, with prior roles at Microsoft.
• Jennifer Kaplan, CHRO – Human resources leader with over 25 years of experience at global technology firms.
• Vivek Mokashi, CTO – Engineering leader with three decades in product design and development, currently CTO at Hexagon Asset Lifecycle Intelligence.
• Scott Moore, COO – Finance and operations veteran who serves as CFO and COO of Hexagon’s Asset Lifecycle Intelligence division.

Additionally, Elizabeth Chwalk has been named Vice President of Investor Relations. Chwalk, a former equity research analyst, most recently led Investor Relations at Rapid7, bringing deep expertise in SaaS businesses, recurring revenue models, and capital markets.

Octave will have a presence in 45 countries with corporate hubs across all major regions, ensuring close collaboration with its global customer base. Its focus will be on delivering advanced data analytics, AI-driven insights, and decades of domain expertise to help industrial and public sector clients make smarter, faster decisions.

Pending final board, shareholder, and regulatory approvals, Hexagon aims to complete the separation and public listing of Octave in the first half of 2026. The new company will build on Hexagon’s legacy of empowering industries with data intelligence, while sharpening its focus as a dedicated software and SaaS player.

By combining global reach, strong financial leadership, and a robust portfolio of AI-driven solutions, Octave is poised to emerge as a powerful new entrant in the global software landscape—one that blends Hexagon’s heritage of innovation with the agility of a standalone enterprise.