Finnveden creates two independent units

2008-04-03 Press release

Finnveden creates two independent units

PRESS RELEASE

 
The business units Bulten, under the management of Tommy Andersson, and Metal Structures, under the management of Johan Westman, are being made independent and are continuing their work on enhancing profitability and strengthening growth in their respective markets. Johan Lundsgård, President and CEO of Finnveden Holding AB, will be leaving Finnveden after heading this restructuring for two years.
 
"During his time as CEO, Johan Lundsgård has headed the work on developing two strong, independent units in Bulten and Metal Structures. We have now reached our objective of having two clear structures in place, and the Board of Directors has worked together with Johan Lundsgård and decided that the time is now right for the two units to continue independently, with full responsibility for their continued development," says Roger Holtback, Chairman of the Board at Finnveden Holding AB.
 
"Finnveden has handled some major changes over the past few years, and it is with great confidence that I now hand over control to the respective business areas for their continuing growth and development," says Johan Lundsgård.
 
Johan Lundsgård will be leaving his position on 31 March. The position of President of Finnveden Holding AB will be taken over by CFO Owe Wedebrand.

For further information, please contact: 
Roger Holtback, Chairman of the Board of Finnveden Holding AB, 
telephone +46 (0)705-48 68 18.

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