Managing Director and CEO of Geveko will resign
(Thomson Reuters ONE) - Managing Director and Group CEO Hans Ljungkvist has informed that he,after almost nine years, wishes to leave his position at the latestin connection with the Annual General Meeting in April 2010. TheBoard of Geveko will start the recruitment of his successor.The Geveko group has undergone considerable changes during the lastyears. Priority has been given to the development and growth of theindustrial operations with focus on horizontal road marking and aleading position in Europe. Simultaneously the Equities Portfolio hasbeen divested and Geveko has changed the nature of business from thatof investment trust to an operating industrial group. Geveko is todaymarket leader within horizontal roadmarking in the Nordic countriesas well as on the fast growing markets in Central and Eastern Europe."The change by year end 2007/2008 of tax status from that ofinvestment trust to industrial enterprise involved considerablechange of the company's conditions. The concentration of the businesstowards road marking is almost accomplished, new businesses have beenintegrated and an organisation with focus on the business and themarkets has been implemented. The Group is now entering a newdevelopmental phase, which means a suitable opportunity for a changeof leadership," says Hans Ljungkvist."Hans Ljungkvist has meritoriously and successfully conducted Gevekoas investment company. We are most grateful that he has accepted theresponsibility to conduct the company during the change frominvestment trust to an operating industrial group. Material andservices within the Road Safety area now correspond to 97% of theGroup turnover. We see good possibilities to continuously increasegrowth and result and to further strengthen and extend our positionas one of Europe's leading players," says Ove Mattsson, Chairman ofthe Board.Göteborg, Sweden October 21, 2009AB GEVEKO (plc)For further informationMr Ove Mattsson, Chairman of the Board, Mobile no.: 0733 727280Mr Hans Ljungkvist, Managing Director and CEO, Mobile no.: 0705371110AB GEVEKO (plc) Reg.no.: 556024-6844P.O. Box 2137, SE-403 13 Göteborg, Sweden, Phone +46 31 172945info(at)geveko.se www.geveko.sehttp://hugin.info/1075/R/1348918/324831.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.10.2009 - 09:30 Uhr
Sprache: Deutsch
News-ID 7187
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