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GARO AB ( (SE:GARO) ) has issued an update.
GARO AB has appointed Chief Operating Officer Joe Ree as Interim President and CEO, effective 15 January, to lead the company until incoming CEO Tobias Byfeldt takes over. Ree, who has previously served as CEO of GARO Ireland and held several senior roles within the group, is credited with strengthening the company’s market position and driving growth in Ireland, and his appointment is intended to ensure operational continuity and maintain strategic focus following the departure of former CEO Jonas Klarén, who is leaving to lead Assemblin EL.
The most recent analyst rating on (SE:GARO) stock is a Sell with a SEK15.50 price target. To see the full list of analyst forecasts on GARO AB stock, see the SE:GARO Stock Forecast page.
More about GARO AB
GARO AB is an international company that develops, manufactures and markets innovative products and systems for the electrical installations market under its own brand. Its offering spans electrical distribution products, e-mobility solutions, project business and temporary power systems, with a strong focus on electrical safety, user-friendliness and sustainability. Founded in 1939 and headquartered in Gnosjö, Sweden, GARO operates in several countries and is listed on Nasdaq Stockholm under the ticker GARO.
Average Trading Volume: 41,058
Technical Sentiment Signal: Sell
Current Market Cap: SEK860M
See more insights into GARO stock on TipRanks’ Stock Analysis page.