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Kongsberg Automotive Appoints Erik Magelssen as New CFO

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Kongsberg Automotive Appoints Erik Magelssen as New CFO

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The latest update is out from Kongsberg Automotive Holding ASA ( (KGAUF) ).

Kongsberg Automotive has appointed Erik Magelssen as the new CFO, effective June 1, 2025. Magelssen, who previously served as KA’s CFO from 1999-2006, brings extensive experience in strategic leadership and financial management, having led significant growth and acquisitions in past roles. His return is expected to enhance KA’s financial performance, with the transition marking a strategic shift of the CFO function to Kongsberg.

More about Kongsberg Automotive Holding ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle industry, focusing on sustainable mobility through engineering, sustainability, and innovation. Their product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products.

YTD Price Performance: -18.82%

Average Trading Volume: 500

Technical Sentiment Signal: Strong Buy

Current Market Cap: $132.3M

For detailed information about KGAUF stock, go to TipRanks’ Stock Analysis page.

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