Ratos: Lennart Hagelqvist new CEO of DIAB
Lennart Hagelqvist has been appointed as the new CEO of Ratos's subsidiary DIAB. Lennart Hagelqvist is currently at Perstorp where he has been an Executive Vice President since 2007 and was previously also EVP Operations.
Lennart Hagelqvist is 53 and has broad experience of both production- and market-oriented international operations, including Kemira, ABB, Stora Enso and Aker. Lennart Hagelqvist is currently at Perstorp where he is Executive Vice President, Coating Additives, and Managing Director of Perstorp's subsidiary in France. Lennart Hagelqvist will take up his position on 3 May and succeed Anders Paulsson who has been CEO of DIAB since 2003. Anders Paulsson will continue to be committed to DIAB as an advisor.
"Lennart has many years of experience of developing and building successful international operations where conditions have sometimes been challenging. In our opinion, his experience combined with his personal qualities make him highly suitable as CEO of DIAB. We in the board are convinced that Lennart, together with the management group and other employees, will continue to develop DIAB's offering and manage the challenging business environment which has affected the company over the past year," comments DIAB's Chairman Stig Karlsson.
"Anders Paulsson has made a very valuable contribution to DIAB during his nine years as CEO. Under his strong leadership and innovative efforts, DIAB became established in new, growing markets and created a unique total offering. When Anders now wishes to leave his executive role, it is valuable that we will continue to have access to his knowledge of the company and the market," Stig Karlsson continues.
DIAB is a world-leading company that manufactures and develops core materials for composite structures including blades for wind turbines, hulls and decks for leisure boats, and components for aircraft, trains, industrial applications and buildings. The material has a unique combination of characteristics such as low weight, high strength, insulation properties and chemical resistance.
For further information, please contact: Henrik Blomé, Investment Director, Ratos, +46 8 700 17 64 Stig Karlsson, Chairman, DIAB, +46 706 41 13 45 Lennart Hagelqvist, incoming CEO, DIAB, +46 706 45 40 37 Emma Rheborg, Head of Corporate Communications and IR, Ratos, +46 733 80 22 63
Financial calendar from Ratos:
Annual General Meeting 18 April 2012
Interim Report January - March 2012 8 May 2012
Interim Report January - June 2012 17 August 2012
Interim Report January - September 2012 9 November 2012
Ratos is a private equity conglomerate. The company's mission is to maximise shareholder value over time through the professional, active and responsible exercise of its ownership role in primarily medium to large unlisted Nordic companies. Ratos's holdings include AH Industries, Anticimex, Arcus-Gruppen, Biolin Scientific, Bisnode, Contex, DIAB, Euromaint, Finnkino, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Mobile Climate Control, SB Seating and Stofa. Ratos is listed on Nasdaq OMX Stockholm and market capitalisation amounts to approximately SEK 27 billion.