Henrik Lange Appointed New President & CEO of Gunnebo

The Board of Directors of Gunnebo AB has appointed Henrik Lange as the new President and CEO of the Gunnebo Security Group. Henrik Lange succeeds Per Borgvall who has taken the decision to leave the post.

Henrik Lange will take up the position no later than July 2015. Henrik Lange is currently Executive Vice President and CFO for AB SKF. Henrik has held several other positions within SKF prior to this, most recently President Industrial Market, Strategic Industries. Martin Svalstedt, Chairman of the Board at Gunnebo has made the following statement: "I am extremely happy to be welcoming Henrik Lange to Gunnebo. His impressive list of achievements, international experience and skill as a business leader make him well suited to the role of leading Gunnebo and strengthening the Group's market position and profitability."

Martin Svalstedt continues: "I would like to extend my gratitude to Per Borgvall for what he has achieved at Gunnebo during the six years he has been President and CEO. During his time in charge, Gunnebo has developed on a global scale with strengthened market positions, a business-oriented culture and a very strong financial position."

Henrik Lange, Gunnebo's incoming President and CEO says: "I am proud to have been entrusted to lead Gunnebo and to continue developing and expanding the company."

Per Borgvall, Gunnebo's current President and CEO comments: "Gunnebo is about to enter into a new phase of development so the time is right for me to hand over the leadership to Henrik. I would like to wish him and everyone at Gunnebo the very best for the future."