New President and CEO of AQ Group

The Board of Directors of AQ Group has appointed Anders Carlsson as new President and CEO. Anders will assume the position latest September 1, replacing one of AQ's founders, Claes Mellgren who will step down after eight successful years as CEO.

’’We are pleased to present Anders Carlsson as our next President and CEO. Anders is an experienced and competent leader who, in his different roles in ABB, has a proven understanding and track record for new technologies, production and creation of growth. The board and I are convinced that Anders is the right person to further develop AQ Group to the next level’’, says Chairman P-O Andersson.

Anders Carlsson is today member of the ABB Sweden local executive forum and is division manager for the ABB Electrification products divison in Northern Europe. Prior to this he has had a number of leading positions within ABB since 1992. He is a Swedish citizen, born in 1967, and has a master of science in mechanical engineering from KTH, Stockholm.

‘’I really look forward to be the CEO after Claes and have the opportunity to lead a company with unique expertise in contract manufacturing and technology development. It will be very exciting to work together with AQ's employees, board and customers in order to take the next step in the journey towards further profitable growth for AQ Group.’’ says Anders Carlsson.

Claes Mellgren will step down as CEO when Anders Carlsson takes up his new post but continue to develop AQ in his roles as major shareholder and proposed new member of the board of directors.

For further information, please contact:
P-O Andersson, Chairman of the Board,  + 46 705 269 077

AQ Group is required to make the information in this press release public in accordance with the EU Market Abuse Regulation. The information was released by P-O Andersson for publication at 08:01 hours CET on February 22, 2018.

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AQ in brief

AQ is a leading supplier to demanding industrial customers and is listed on Nasdaq Stockholm’s main market.

The Group consists mainly of operating companies each of which develop their special skills and in cooperation with other companies, striving to provide cost effective solutions in close cooperation with the customer.

The Group headquarter is in Västerås, Sweden. AQ has, on December 31, 2017, in total about 5,100 employees in Sweden, Bulgaria, China, Estonia, Hungary, India, Italy, Lithuania, Mexico, Poland, Serbia and Thailand.

In 2017 AQ had net sales of SEK 4.0 billion and the group has since its start in 1994 shown profit every quarter.

AQ has the highest credit rating AAA according to Bisnode.

www.aqg.se

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To develop, manufacture and assemble components and systems for demanding industrial customers. With our commitment to Total Quality our customers become long-term partners.

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