New CEO of Mölnlycke Health Care

We are pleased to announce that Richard Twomey, presently international Vice President of the California-based orthodontics company Align Technology, will join Mölnlycke Health Care as new CEO as of April 1, 2014. Richard Twomey is a strong successor to Pierre Guyot, who has decided to leave the company to pursue personal interests.

“I am very glad to welcome Richard Twomey, who has a solid med tech background and strong track record in leading growing businesses. I would also like to thank Pierre for his excellent contribution during his seven years as CEO. During this period, Mölnlycke Health Care has seen a very successful development in terms of growth and profitability, and the company has grown into an undisputed leader in many of its markets”, comments Mölnlycke Health Care Chairman Gunnar Brock.

“I believe that Richard Twomey is a great recruitment, and his knowledge and expertise will truly benefit Mölnlycke going forward. I would like to thank Pierre for his highly successful work in making Mölnlycke Health Care a leading company in its field. During his leadership, Mölnlycke has evolved from a rather local player with focus on Northern Europe into an international leader in a very competitive market”, says Börje Ekholm, President and CEO of Investor AB.

For further information:

Stefan Stern, Head of Corporate Relations and Communications, Phone 46 8 614 2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524 2130

Our press releases can be accessed at www.investorab.com

Investor is the leading owner of high quality Nordic-based international companies, founded by the Wallenberg family a hundred years ago. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.