Lars Jonsson appointed SVP Operations & Development at Inwido Group

This information is such that Inwido AB (publ) is obliged to publish in accordance with the Swedish Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on Wednesday February 11, 2015, at 10:30.

Inwido, Europe’s largest supplier of windows and doors, today announces the appointment of Lars Jonsson as new SVP Operations & Development and a member of the group management team. Lars will be overall responsible for operations, development and IT within Inwido and replaces Lars Petersson who moves on to a new assignment outside Inwido. 

Lars Jonsson is today Executive Vice President and head of Operations at Specma Group AB in Gothenburg. Specma is a subsidiary of Investment AB Latour, listed on Nasdaq Stockholm.

Prior to Specma Lars has a long career within operations and supply chain management in Saab Automobile during 13 years and during twelve years in IMI-TA Hydronic, an industrial company headquartered in Switzerland.

“With Lars Jonsson Inwido gets a senior international leader with vast experience within areas that are important to us like product platform thinking, LEAN, material supply and continuous production efficiency improvements”, says Håkan Jeppsson President and CEO for Inwido AB.

Lars will join Inwido as from March 2, 2015.

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Inwido is Europe’s largest manufacturer of windows and doors. The company operates in Denmark, Finland, Norway, Sweden, Austria, Estonia, Germany, Ireland, Lithuania, Poland and the UK and also exports products to other countries. Inwido had in 2015 an annual turnover of over SEK 5.2 billion and has 3400 employees. The Inwido headquarter is located in Malmö, Sweden. Inwido reaches the customer with strong local brands, focused on both the consumer and industrial markets. That way they reach a broad market of windows and doors. In 2015, sales to the consumer market were about 70 percent of total sales, while sales to the industrial market accounted for about 30 percent. The consumer market was dominated by housing projects like renovating, re-building and extending current houses. Projects often motivated by public subsidiaries. The industrial customers are mainly bigger construction company´s and house manufacturer were the business is conducted by frameworks agreements and bigger volumes. Friday September 26, 2014 Inwido was listed as a mid-cap company at NASDAQ Stockholm.

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