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Ferronordic AB ( (SE:FNM) ) has shared an announcement.
Ferronordic has appointed Henrik Carlborg as the new CEO and President following the AGM’s decision to make Lars Corneliusson the executive Chairman of the Board. Carlborg, who has been with the company since 2013 and played a crucial role in its US expansion, is expected to ensure a smooth leadership transition. The company aims to enhance profitability in Germany, continue its US expansion, and further develop its business model under Carlborg’s leadership. This leadership change is anticipated to strengthen Ferronordic’s management continuity and create value for shareholders.
More about Ferronordic AB
Ferronordic is a service and sales company specializing in construction equipment and trucks. It operates as a dealer for Volvo CE across nine states in the United States and represents brands like Hitachi, Sandvik, and Link-Belt in the same region. Additionally, Ferronordic is a dealer for Volvo Trucks and Renault Trucks in Germany and offers services for Volvo CE and other brands in Kazakhstan. Established in 2010, the company has 37 outlets and approximately 800 employees, with a vision to be the leading service and sales company in its markets. Ferronordic is listed on Nasdaq Stockholm.
Average Trading Volume: 10,276
Current Market Cap: SEK701.2M
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