Johan Arvidsson appointed new CEO of Nexam Chemical

The board of directors in Nexam Chemical Holding AB has appointed Johan Arvidsson as the new CEO of the company. Johan, who has worked as CSO at Nexam Chemical since 2016, will take over as new CEO on February 15, 2019. Former CEO Anders Spetz has chosen, after four intensive years, to leave his position to start his own business.

“I am very pleased to be able to present Johan Arvidsson as the successor to Anders Spetz. Johan has, during the last two years, successfully been responsible for sales within Nexam Chemical and been a member of the company´s management team. He is an experienced and engaging leader who has a deep knowledge of the company´s products and market and has a proven ability to create growth in an innovation driven business”, says Lennart Holm, Chairman of the Board.

Johan Arvidsson has a degree in chemical engineering at Chalmers University of Technology. He started his professional career at Volvo and continued at the chemical group DuPont de Nemour, where he worked for 18 years. During his last years with the company, Johan was the CEO of DuPont Sverige AB. He then went on to the listed development company aXichem where he was the CEO until 2016 when Johan Arvidsson was recruited as CSO for Nexam Chemical.

“I am convinced that Johan Arvidsson will be able to continue build and accelerate the growth of the company that started under the leadership of Anders Spetz. At the same time, I would like to thank Anders for a well-executed work during his four years as CEO. During these years, Nexam Chemical has grown from a promising development company to a business-driven specialty chemicals company with accelerating growth,” says Lennart Holm.

The change of CEO is made in consensus between the company and Anders Spetz, who now intends to start a new chapter with his own business.

“Nexam Chemical is now entering into a growth phase and it is time to hand over to Johan who has the right leadership, taking the company to the next level. I am happy and proud of what I and the team accomplished during the last four years and I wish Johan and everyone in Nexam Chemical great success. As a shareholder, I look forward to following the development of the company in the future”, says Anders Spetz.

“I have, in my role as CSO, been part of the management team for two and a half years and have come to know the business very well. Nexam Chemical is now at a stage where a number of business development projects are starting to fall into place and turn into commercial sales. I look very much forward to lead the company into the next phase”, says Johan Arvidsson, new CEO of Nexam Chemical.

Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.

For further information please contact:

Lennart Holm, Chairman of the Board, +46-706 30 85 62, lennart.holm@nexamchemical.com

This information is information that Nexam Chemical Holding 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 08:00 CET on February 11, 2019.

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About Nexam Chemical

Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on www.nexamchemical.com. The company´s Certified Adviser is FNCA Sweden AB. FNCA Sweden AB can be reached at info@fnca.se or by phone +46-8 528 00 399.

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Johan Arvidsson, new CEO of Nexam Chemical
I look very much forward to lead the company into the next phase.