Ola Tengroth to take office as new CEO of Lesjöfors
Over the past several decades, Beijer Alma subsidiary Lesjöfors has grown internationally and displayed strong, profitable growth under the leadership of Kjell-Arne Lindbäck, who will be retiring after the end of the year. Ola Tengroth has now been appointed as the company’s new CEO.
Ola Tengroth will assume his new position on January 1, 2020. Ola is 55 years old and holds a bachelor’s degree in business administration from the Gothenburg School of Business, Economics and Law. He most recently served as CEO and joint owner of Kemetyl. Prior to that, he worked at industrial companies such as Univar, BASF and SKF, and held various senior positions over a period of 25 years.
Lesjöfors is Beijer Alma’s largest subsidiary, with revenues of MSEK 2,625 and operating profit of MSEK 531 for 2018. Under Kjell-Arne Lindbäck’s leadership, Lesjöfors has developed into a strong, profitable business, with 1,700 employees in 15 countries. Today, the company is the largest aftermarket/chassis springs player in Europe and one of few global manufacturers of customized industrial springs, wire and flat strip components.
“During Kjell-Arne’s 22 years as CEO, Lesjöfors has grown into a global company. One explanation for this is Kjell-Arne’s business acumen, resulting in a combination of well-executed acquisitions and an entrepreneurial spirit that has created substantial value for Beijer Alma and its shareholders. It has been a privilege to work with such a successful industry leader during my time at Beijer Alma. On behalf of the Board of Directors and all of our employees, I would like to thank Kjell-Arne for his outstanding contribution over the years,” says Beijer Alma’s President and CEO, Henrik Perbeck.
“At the same time, we are proud to welcome Ola Tengroth to Lesjöfors. The company will continue its journey of international growth, through both acquisitions and organic development. Ola is the right person to lead this work. He has extensive, international leadership experience from various industrial settings as well as the customer-centric business expertise needed to further develop the Lesjöfors Group.”
“I am now joining a reputable, well-managed company, with a clear agenda for its ongoing development. I look forward to contributing to Lesjöfors’s continued success in the coming years, together with the company’s senior management and employees,” says Ola Tengroth.
For further information, please contact:
Henrik Perbeck, President and CEO of Beijer Alma AB, Tel: +46 8 506 427 50
Beijer Alma AB (publ) is an international industrial group that focuses on component production and industrial supplies. The Group includes Lesjöfors, one of Europe’s largest spring manufacturers, Habia Cable, one of Europe’s largest manufacturers of custom-designed cables and Beijer Tech, with strong positions in industrial supplies in the Nordic region. Beijer Alma is listed on NASDAQ OMX Stockholm Mid Cap.
Beijer Alma AB (publ)
Dragarbrunnsgatan 45, Box 1747, SE-751 47 Uppsala, Sweden. Telephone +46 18 15 71 60.
Registered office: Uppsala. Corp. Reg. No: 556229-7480. www.beijeralma.se