Haldex CEO Bo Annvik resigns

Swedish braking company Haldex has announced the resignation of CEO, Bo Annvik, who will take on a new role as President and CEO of Indutrade.

“The board greatly appreciates Bo Annvik’s contribution to Haldex. When he joined in 2012, the company needed a new strategy and improved profitability,” said Göran Carlson, Chairman of the Haldex Board of Directors.

“Under his management the agreed plan was delivered which has resulted in significantly increased profitability and a strengthened market position. We wish him further success in his new role at Indutrade.”

Annvik (pictured) said, “I’ve been privileged to lead one of Sweden’s greatest companies. I will miss the dedicated and skilled people at Haldex. I truly have enjoyed my time at Haldex but has now got the opportunity to move into another new exciting and challenging role.”

Indutrade is a Sweden-based industrial group specialising in high-tech components, systems and services, covering areas such as engineering, flow technology and measurement and sensor technology, according to Indutrade.

Fredrik Lundberg, Chairman of the Board of Indutrade, extended a warm welcome to Annvik, who will replace Johnny Alvarsson no later than 26 April 2017.

“Johnny has done a tremendous job and has lifted Indutrade up to an entirely new level. We are very grateful for what he has achieved,” said Lundberg.

“Bo Annvik has a solid industrial background and a level of experience and competence that we believe is well-suited for Indutrade. We extend a warm welcome to him as our new President and CEO.”

Haldex announced that its Board will immediately initiate a process to recruit a successor for Annvik.

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