Beijer Ref announces CFO change – CORRECTION

Correction regarding incorrect reference to MAR in the press release. The previous press release contained an incorrect reference to the EU Market Abuse Regulation. The information concerning the change of CFO is not considered inside information and the reference to MAR has been removed.

Beijer Ref and Ulf Berghult, Executive Vice President (EVP) and CFO, have mutually agreed that Ulf will transition out of the company in the next 6 months. As his successor, Beijer Ref has appointed Joel Davidsson as new EVP and CFO.

Christopher Norbye, CEO Beijer Ref, comments:

“Since joining Beijer Ref, Ulf has been a valuable CFO and colleague. His strong leadership and extensive knowledge have been instrumental in creating a solid group finance team and structure that will be able to support further growth of the company. Furthermore, Ulf’s guidance through Beijer Ref’s prospectus, in connection with the acquisition of Heritage Distribution, as well as the financing of our entry into the US market has been of great importance. As Beijer Ref is now facing a new chapter, accelerating both its growth and its global presence, we have mutually agreed that this is a good opportunity for Ulf to scale down and to let a new long-term CFO take over the journey and the continued execution of Beijer Ref’s strategy.”

Ulf will remain in his position to support an efficient transition for Joel Davidsson, who will join Beijer Ref latest in November 2023.

Christopher Norbye continues:

“I am pleased to welcome Joel Davidsson to Beijer Ref. He has several years of experience in financial leadership roles and a proven track record from global finance functions, as well as a strong business focus. He holds valuable experience from working in multinational companies, operating abroad and in Sweden, where he has led several finance functions - driving and executing business strategies. Joel’s operating skills and leadership abilities will make him an important member of our management team and I am confident that Beijer Ref’s growth journey will continue across all functions.”

Joel most recently comes from the role as CFO at ROSTI Group. Prior to that he served as Head of Group Finance and Investor Relations at Alfa Laval, CFO roles within Assa Abloy Entrance Systems and Head of Group Business Control at BE Group. Joel will play an important role in Beijer Ref’s growth journey going forward and will continue to drive and execute the company’s strategic priorities. Joel holds a Master of Science in Economics and Business Administration, with a major in Finance.

Malmö, 17 maj 2023
Beijer Ref AB (publ)

For more information, please contact:
Christopher Norbye
CEO
Telephone +46 40-35 89 00
Email cne@beijerref.com

Niklas Willstrand
Global Corporate Communications Manager
Telephone +46 40-35 89 00
Email nwd@beijerref.com

BEIJER REF AB is a technology-oriented trading Group which, through added-value products, offers its customers competitive solutions within refrigeration and climate control. Beijer Ref is one of the largest refrigeration wholesalers in the world, and is represented in 44 countries in Europe, North America, Africa and Asia and Oceania. Website: www.beijerref.com