Ola Tengroth has now been appointed as the company’s new CEO, taking over from Kjell-Arne Lindbäck, who will be retiring at the end of the year.
Ola Tengroth will assume his new position on 1st January 2020. He most recently served as CEO and joint owner of Kemetyl AB. Prior to that, he worked at industrial companies such as Univar, BASF and SKF, and held various senior positions over a period of 25 years.
Lesjöfors, subsidiary to Beijer Alma, has revenues of SEK 2.625 billion (€245.6 million) and operating profit of SEK 531 million for 2018. Under Kjell-Arne Lindbäck’s leadership, Lesjöfors developed into a strong, profitable business, with 1,700 employees in 15 countries. Today, the company is the largest aftermarket/chassis springs player in Europe and one of few global manufacturers of customised industrial springs, wire and flat strip components.
“On behalf of the board of directors and all of our employees, I would like to thank Kjell-Arne for his outstanding contribution over the years,” says Henrik Perbeck, president and CEO at Beijer Alma. “At the same time, we are proud to welcome Ola Tengroth to Lesjöfors. The company will continue its journey of international growth, through both acquisitions and organic development. Ola is the right person to lead this work. He has extensive, international leadership experience from various industrial settings, as well as the customer centric business expertise needed to further develop Lesjöfors Group.”
Ola Tengroth commented: “I am joining a reputable, well managed company, with a clear agenda for its ongoing development. I look forward to contributing to Lesjöfors’ continued success in the coming years, together with the company’s senior management and employees.”
Having held senior management roles in leading automotive and fastener businesses, Phil joined Fastener + Fixing Magazine as editor in 2002. Convinced there is no substitute for ‘being there’, over 17 years of visits and interviews around the world means he has accumulated an extraordinary knowledge and perspective of the global fastener industry, reflected in his incisive and thought provoking reporting.