Circular IT firm Foxway taps fintech, telco vet as new CEO

Patrick Höijer takes on the top job effective 14 August, 2024

Circular IT specialist Foxway has appointed a new CEO in Patrick Höijer, an experienced technology executive leader based in Sweden.

Höijer (pictured) joined the IT provider from Precise Biometrics, where he was latterly a board advisor, following senior executive roles across fintech and telco.

His background includes a CCO post at payment solutions company Nets Group (now Nexi Group) and CEO of Nets Sweden, as well as held several senior management roles at Tele2 and E.ON.

"I'm honoured to have been appointed to lead Foxway, which clearly has a very experienced team dedicated to help customers support their digitalization while also reducing their carbon footprint. I'm looking forward to getting to know the team to further build and develop Foxway and to contribute to the next chapter of growth," says Höijer.

Foxway is a European circular tech services provider, focused on helping customers source and lease IT equipment as well as refurbish and resell used devices.

Since its foundation in 2009, Foxway, headquartered in Sweden, achieved a turnover of €660m in 2023 and its workforce numbers over 1000 employees internationally.

"On behalf of the board of directors, I would like to welcome Patrick Höijer as new CEO of Foxway. We believe the company's ambition to transform the tech industry, by promoting a more circular business model, has great untapped potential.

"Patrick's broad international experience from successfully driving profitable growth will contribute to strengthen Foxway's focus on transformation and taking the next step to further accelerate its growth," said Per Hallius, chairman of the board.

Private equity firm Nordic Capital became a majority owner in 2023 and, since then, the business has been undergoing a leadership reshuffle to support its growth goals.