Alfa Laval Group has informed that its President and CEO, Lars Renström, is retiring from his position and he will be succeeded by Tom Erixon.
Erixon is currently President and CEO of the OVAKO Group, a producer of engineering steel for customers in the bearing, transport and manufacturing industries. He will succeed Renström latest at the Annual General Meeting in April 2016.
Erixon has been President and CEO of the Ovako Group since 2011. Before that, he was President of Sandvik Coromant and has held a number of senior leadership positions in Sandvik, where he started 2001. During the 90’s he worked for Boston Consulting Group where he became Managing Partner and Practice Leader Industrial Goods.
Anders Narvinger, Chairman of the Board, says: “I am very pleased to welcome Tom to Alfa Laval. He has a solid industrial background with a proven track record and has the experience needed to take over after Lars and continue to develop Alfa Laval.
“I also want to thank Lars Renström for his outstanding achievements during close to 12 years as President and CEO for the Alfa Laval Group. Under his leadership, the company has grown tremendously whilst the core values of the company have been maintained. Revenues have grown about 3 times and the market capitalizations about 6 times.”
Tom Erixon says: “I feel proud and excited to join Alfa Laval which I know as a solid global industrial leader with a strong company culture. I am impressed by the growth and performance of the company under Lars Renström’s leadership over the last decade and my ambition is to continue this successful journey of profitable growth.”
Lars Renström comments: “It has been an honour and a privilege to lead Alfa Laval. It is natural that I retire next year when I turn 65 and the Board of Director’s decision to appoint Tom – whom I know from my period at Seco Tools – makes it easier for me to step down. I also want to take the opportunity to thank our customers, shareholders, the Board, the top management of Alfa Laval and all our 18,000 fantastic employees for their strong commitment and trust.”