HEXPOL’s President and CEO is leaving
The Board of HEXPOL AB (publ) and Mikael Fryklund have decided to part ways.
“There are several circumstances that have led to this change. The development of the Group, mainly regarding sales growth and growth of results, which unfortunately lately have not met our expectations. I would like to thank Mikael for his loyal and dedicated work since 2017. Among others, a number of well-managed and well positioned acquisitions have been made during this time.” says Georg Brunstam, Chairman of the Board.
The recruitment of a successor will start immediately.
In the meantime CFO Peter Rosén will be interim CEO of HEXPOL AB (publ) with daily support of Georg Brunstam, who will act as working Chairman of the Board.
For more information, please contact:
Peter Rosén, Chief Financial Officer/ Investor Relations Manager
Tel: +46 (0)73 6564934
Georg Brunstam, Chairman of the Board
Tel: +46 (0)40 25 46 60
HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily systems suppliers to the global automotive and engineering industry, construction industry, the energy, oil and gas sector, medical equipment manufacturers and OEM manufacturers of plate heat exchangers and forklifts. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group’s sales in 2019 amounted to 15,508 MSEK. The HEXPOL Group has approximately 5,100 employees in fourteen countries. Further information is available at www.hexpol.com.
This press release consists of such information that HEXPOL AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 11:45 a.m. CET on February 14, 2020. This report has been prepared both in Swedish and English. In case of any divergence in the content of the two versions, the Swedish version shall have precedence.