Kitron Transitions Leadership as COO Resigns to Pursue New Role
Leadership Change at Kitron
In a significant shift within its corporate management, Kitron has announced the resignation of its Chief Operating Officer, Kristoffer Asklöv. He has accepted a position as CEO at a competing manufacturing firm in Sweden. This career move marks a new chapter for Asklöv, who has been an integral part of Kitron's team.
Appreciating Asklöv's Contributions
Peter Nilsson, the CEO of Kitron, expressed gratitude for Asklöv's impactful contributions since he joined the team four years ago. "Kristoffer has greatly influenced our growth and operational success. We sincerely thank him for his dedication and wish him all the best in his new endeavors," Nilsson stated.
Smooth Transition Plans
To ensure a seamless transition following Asklöv's departure, he will remain with Kitron through the end of the fourth quarter and is expected to conclude his tenure by the year’s end. His existing duties will be shared by current Chief Technology Officer Stian Haugen and Hasse Faxe, who will be joining the corporate management team as Chief Commercial Officer on October 1.
New Leadership Roles
Stian Haugen has been with Kitron since 2013 and stepped into the role of Chief Technology Officer in 2020. His extensive experience within the company will help maintain the momentum of ongoing projects. Meanwhile, Hasse Faxe joined Kitron through the acquisition of BB Electronics in 2022 and currently holds the position of Global Sales Director, bringing valuable expertise to his new role.
About Kitron
Kitron stands as a prominent provider of electronics manufacturing services in Scandinavia, catering to several sectors, including Connectivity, Electrification, Industry, Medical Devices, and Defence/Aerospace. The organization operates in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States. With a workforce of around 2,400 employees, Kitron reported substantial revenues of EUR 647 million in its last fiscal year.
Future Prospects for Kitron
Looking ahead, Kitron is poised to continue its trajectory of growth despite the leadership change. The company’s proactive approach in appointing seasoned leaders assures stakeholders of its commitment to maintaining operational excellence and delivering exceptional service across its market segments. As Kitron adapts to these transitions, the focus remains on leveraging its robust capabilities to navigate future challenges effectively.
Frequently Asked Questions
What prompted Kristoffer Asklöv's resignation?
Kristoffer Asklöv resigned to take on the role of CEO at a Swedish manufacturing company outside of Kitron's competitive market.
Who will take over Asklöv's responsibilities?
The responsibilities previously held by Asklöv will be divided between Stian Haugen, the Chief Technology Officer, and Hasse Faxe, who will be the new Chief Commercial Officer starting October 1.
How long will Asklöv remain with Kitron?
Asklöv will stay with Kitron through the fourth quarter and will officially leave at the end of the year.
What sectors does Kitron serve?
Kitron provides electronics manufacturing services for sectors including Connectivity, Electrification, Industry, Medical Devices, and Defence/Aerospace.
Where are Kitron's operations located?
Kitron has operations in various locations, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States.
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