Octave Announces New Leadership to Spearhead Industrial Software Innovation

Octave Unveils Leadership Team as Software Spin-Off Nears

Octave, the highly anticipated software spin-off from Hexagon AB, has just announced its executive leadership team, a powerhouse of visionaries, innovators, and seasoned industry experts. This team will steer Octave as it aims to become a frontrunner in enterprise software, transforming raw data into actionable intelligence and delivering solutions at scale for its global clientele. Hexagon is gearing up to list Octave on a major U.S. stock exchange and has recently outlined the timeline for its Swedish Depository Receipt program.

Octave is poised to integrate Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, along with ETQ (from the Manufacturing Intelligence division) and Bricsys (from the Geosystems division). This merger will create a software giant focused on simplifying complexity across various industries, from initial design and construction to the ongoing operation and safety of people, assets, and infrastructure, regardless of project size or scope.

“Octave is set to revolutionize how industries function, empowering essential organizations worldwide to leverage data and AI for enhanced resilience, safety, and profitability,” stated Mattias Stenberg, the prospective CEO of Octave. “Our leadership team combines unparalleled expertise in scaling global software ventures with a clear vision for the future.”

Executive Leadership Team

Mattias Stenberg, Chief Executive Officer: Stenberg, currently President of Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, has been at the helm of the Hexagon Asset Lifecycle Intelligence division since 2017. His background includes strategic leadership, M&A, and corporate development roles at Hexagon AB. He also holds a board position at Sinch AB.

Ben Maslen, Chief Financial Officer: Since 2017, Maslen has served as the Chief Strategy Officer of Hexagon. His previous experience includes leadership and equity research roles at Morgan Stanley and Bank of America Merrill Lynch.

Jay Allardyce, Chief Product Officer: Allardyce is a well-known figure in the AI and enterprise software sectors, bringing over 20 years of experience in building and transforming organizations. He co-founded GenAI.Works and has held significant leadership positions at HP, GE, Uptake, Google, and insightsoftware.

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

Tony Zana, Chief Legal Officer: Zana currently serves as General Counsel and Chief Compliance Officer for Hexagon, roles he has held since 2019. As a U.S. qualified attorney, Zana brings over 20 years of experience with the businesses that will comprise Octave, including a previous role as Vice President, General Counsel, and Corporate Secretary of Intergraph.

David Cryer, Chief Marketing Officer: Cryer is a proven marketing leader with a track record of driving digital transformation at Hexagon Asset Lifecycle Intelligence. Before joining Hexagon, Cryer held various leadership roles at Microsoft.

Jennifer Kaplan, Chief Human Resources Officer: Kaplan is an established human resources leader with over 25 years of experience in global technology companies. She currently leads human resources for Hexagon Asset Lifecycle Intelligence.

Vivek Mokashi, Chief Technology Officer: Mokashi is an engineering leader with three decades of experience in product design, development, and support. He currently serves as CTO for Hexagon Asset Lifecycle Intelligence.

Scott Moore, Chief Operating Officer: Moore is a veteran executive with over 30 years of operational and financial leadership experience. He currently serves as both chief financial officer and chief operating officer for Hexagon’s Asset Lifecycle Intelligence division, overseeing all aspects of the division’s global finance and business operations.

With a presence in 45 countries and major corporate hubs in key regions, Octave is set to collaborate closely with customers around the globe.

In addition, Elizabeth Chwalk has been appointed as Vice President of Investor Relations for Octave. Chwalk, a seasoned IR leader and former equity research analyst, brings extensive knowledge of SaaS businesses, recurring revenue models, and capital markets. She most recently led Investor Relations at Rapid7.

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