Shelly Group SE (Ticker SLYG / ISIN:BG1100003166), a provider of IoT and smart building solutions, is aligning its finance organization for continued international scaling. The company announced that Iliyana Krushkova will assume the role of Chief Financial Officer effective January 12, 2026, succeeding Svetozar Illiev, who is stepping down after 16 years for personal reasons.
Krushkova brings over 15 years of experience in financial management, strategic corporate steering, and M&A. She has held senior positions at international IT and technology companies and worked in advisory roles at ScaleFocus and KPMG. Her focus will be on professionalizing global finance structures, with an emphasis on cash flow stability, working capital management, and scalable financial processes. It is intended to propose her election to the Board of Directors at the 2026 Annual General Meeting.
Wolfgang Kirsch, Co-CEO of Shelly Group, thanked Illiev for his contributions and welcomed Krushkova, stating her appointment underscores the company's ambition to develop into a globally successful provider. Krushkova expressed enthusiasm for joining the company and shaping its next growth phase.
The transition is part of Shelly Group's strategy to strengthen its financial foundation as it scales internationally. The company, headquartered in Sofia, Bulgaria, and listed on the stock exchange, operates in over 100 countries with subsidiaries in Germany, Bulgaria, Slovenia, Poland, the U.S., and China. More information is available on NewMediaWire.
