Stefan Syrén Appointed New President and CEO of the Gunnebo Group and Changes in the Group Executive Team

Gunnebo’s Board of Directors has appointed Stefan Syrén as the new President and CEO of the Gunnebo Group. Stefan Syrén will take up the position as President and CEO latest during November 2019. At the same time, Robert Hermans has been appointed Executive Vice President of the Gunnebo Group and Deputy CEO. Furthermore, the regional structure for Asia-Pacific and Americas will cease at year-end 2019. This change is a consequence of the ongoing implementation of the structure with global Business Units, which is in line with the journey Gunnebo started in July 2018.

Stefan Syrén has been employed by Gunnebo since May 2018 with responsibility for the Business Units Safe Storage and Integrated Security. In the last year, he has successfully participated in driving the implementation of the new Business Units structure of Gunnebo Group. Stefan Syrén will take up the position as President and CEO latest during November 2019, in addition to his current responsibilities. He succeeds Henrik Lange, who has decided to resign.

Robert Hermans has been employed by the Gunnebo Group since 1996 and has been responsible for Entrance Control since 2010. He will, in addition to his current position, be appointed Executive Vice President of the Gunnebo Group and Deputy CEO, which will take place simultaneously with the shift of President and CEO.   

“First and foremost, I would like to thank Henrik Lange for the profound change agenda he has been initiating and driving in the past years,” says Gunnebo’s Chairman of the Board Martin Svalstedt. “His valuable contribution in transforming the organization to new Business Units, with end-to-end responsibilities, will have a long-lasting positive effect on the company for many years to come.”

“The Board is pleased to appoint Stefan Syrén as the new President and CEO of Gunnebo. In this journey of change towards focus by product offering in our Business Units, we must continue to drive innovation based on our customers’ need, while at the same time work to improve our cost structure and efficiency. These are competencies that Stefan, with success, has demonstrated both in his current role in Gunnebo and in previous roles in other companies."

"Robert Hermans has successfully developed our fastest growing Business Unit Entrance Control and it is equally pleasing to appoint Robert as Executive Vice President Gunnebo Group and Deputy CEO."

Other changes to Gunnebo's Group Executive Team
In connection with the transition to a global Business Unit structure that Gunnebo began in 2018, the regional structure for Asia-Pacific and Americas will cease to exist at year-end 2019. Sacha de La Noë, SVP Asia-Pacific, Middle East and Africa and Dan Schroeder, SVP Region Americas, who are currently in Gunnebo's Group Executive Team, will leave Gunnebo and the Group Executive Team at the end of the year due to these changes.

Gunnebo AB (publ)
Communications

For more information, please contact:
Martin Svalstedt, Chairman of the Board for Gunnebo AB tel. +46 704 855 371, or
Henrik Lange, President and CEO Gunnebo AB, tel. +46 766 105 128, or
Stefan Syrén, incoming President and CEO Gunnebo AB, tel. +46 721 864 044, or
Karin Wallström Nordén, SVP Marketing and Communications Gunnebo AB, tel. +46 708283 339

This information is information that Gunnebo AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07.21 CET on 19 July 2019. 

Gunnebo AB (publ) is a leading, global security provider offering a range of sustainable security products, services and software to retail, mass transit, public and commercial buildings, industrial and high-risk sites, and banks. Gunnebo operates within four core Business Units: Safe Storage (38% of Group sales), Cash Management (21%) Entrance Control (20%), and Integrated Security (21%).

Gunnebo’s share (GUNN) is traded on NASDAQ Stockholm under Mid Cap and Industrials.