Kitron Announces Key Management Changes
In recent news, Kitron has announced a significant change in its management structure. Chief Operating Officer Kristoffer Asklöv has decided to leave the company to pursue a new opportunity as CEO at a manufacturing firm in Sweden that operates outside of Kitron's competitive scope.
Valuable Contributions and Future Goals
Having been a vital part of Kitron's management team for four years, Kristoffer's contributions have been pivotal in driving the company’s growth and operational initiatives. Peter Nilsson, the CEO of Kitron, remarked on Kristoffer's impact, stating, "His leadership has been fundamental to our success, and we wish him all the best in his future endeavors."
Smooth Transition and New Roles
To facilitate a seamless transition, Kristoffer will continue working with Kitron until the end of the year, wrapping up his responsibilities in the fourth quarter. His duties will now be shared between Chief Technology Officer Stian Haugen and Hasse Faxe, who is joining as Chief Commercial Officer starting October 1.
Stian Haugen's Role
Stian Haugen, who has been with Kitron since 2013, brings extensive experience as he steps into this transitional phase. He has served as Chief Technology Officer since 2020, playing a critical role in the company’s technological advancements.
Introducing Hasse Faxe
Meanwhile, Hasse Faxe joins Kitron following the acquisition of BB Electronics in 2022. Currently the Global Sales Director, Hasse is expected to bring fresh perspectives and innovation to the management team.
Kitron's Market Position and Operations
Kitron is recognized as a leading player in the Scandinavian electronics manufacturing sector, specializing in industries such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace. With a workforce of approximately 2,400 employees, the company reported revenues of EUR 647 million in the last fiscal year.
Global Operations
The company's operations span various countries including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, demonstrating its vast reach and commitment to serving diverse markets.
Contacts for Further Information
For those seeking more details about these changes, they can reach out to:
Peter Nilsson, President and CEO, tel. +47 948 40 850
Cathrin Nylander, CFO, tel.: +47 900 43 284
Email: investorrelations@kitron.com
Frequently Asked Questions
What prompted the change in Kitron's management team?
The change comes as Kristoffer Asklöv resigns to take on a new role as CEO at another company, marking significant structural shifts within Kitron.
Who will take over Kristoffer Asklöv's responsibilities?
His responsibilities will be divided between Stian Haugen, the Chief Technology Officer, and Hasse Faxe, who will join as Chief Commercial Officer.
How long will Asklöv stay with Kitron?
Kristoffer Asklöv will remain with Kitron until the end of the year, ensuring a smooth transition.
What sectors does Kitron operate in?
Kitron operates in sectors including Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace.
Where does Kitron have operations?
Kitron has activities in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States.
