Petter Arvidson has been appointed as the new CEO of Ratos's associated company Intervect. He succeeds Anders Nordwall who retired in January 2003.
Petter Arvidson has a master's degree in engineering and has had a long career in the Asea/ABB Group, most recently as president of ABB Utilities AB. In the ABB Group he has held a number of leading positions both in Sweden and abroad, including senior vice president and Head of Division within ABB in Sweden and a business areas head within the global ABB Group.
"I see realising the Intervect Group's profitability targets as an exciting challenge," says Petter Arvidson, commenting on his new appointment.
Intervect is a world leader in development, manufacture and sales of rack and pinion driven hoists and platforms for vertical transport of personnel, material and machines. The main customer segments are the construction, offshore and general industry. Intervect includes the Swedish lift manufacturer Alimak and the Dutch platform manufacturer HEK. Sales are conducted through some 15 wholly owned sales companies and a large number of distributors.
Sales for 2002 totalled approximately SEK 1.1 billion (1.2).
Björn Kumlin, Chairman of Intervect, +46 18 60 61 50
Petter Arvidsson, +46 18 60 61 50
Financial calendar from Ratos:
Annual General Meeting 2003
9 April 2003
Interim Report January-March 2003
12 May 2003
Interim Report January-June 2003
27 August 2003
Interim Report January-September 2003
12 November 2003
The press release including an image of Petter Arvidson can be downloaded from the following link:
Ratos is a corporate group consisting of 12 companies divided into three business areas: Consumer & Technology, Construction & Services and Industry. Our business concept is to develop medium-sized companies with headquarters in the Nordic region that are or have the potential to become market-leading. We make it possible for independent medium-sized companies to excel by being part of something larger. A focus on people and leadership, culture and values are key components of Ratos. Everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People.