Magnus Welander new president and CEO at Thule
(Thomson Reuters ONE) - Malm?ebruary 8, 2010 - Magnus Welander has been appointed new President andCEO of Thule, the world leader within Sports and Utility Transportation. Since2006 he has successfully led the company's largest business and improvedprofitability and market position. The company's current CEO, Anders Pettersson,resigns after eight years in office as CEO but remain as a member of the Board."Results-wise 2009 was an exceptionally good year for Thule, despite theeconomic crisis and tough economic climate. Anders has done a fantastic job withThule, and it reassures us to use his skills and energy for the Board in thefuture. Magnus Welander's operational excellence will be a great asset to Thuleto increase growth and profitability further," said Chairman Roger Holtback."Thule is a great company with fun products, a very strong brand and a strongglobal position. But the company still has big improvement potentials,particularly in how we work with our sales channels in order to reach ourconsumers. The combination makes it an exciting challenge," said MagnusWelander.Magnus Welander is currently President of the company's largest unit, VehicleAccessories Europe/Asia, with a turnover of over 2 billion SEK. The businessarea has under his leadership undergone a major transformation and significantlyimproved profitability through a sharpened product portfolio, increased deliveryprecision and a new sales and marketing strategy. He will now use thisexperience throughout the group."It will be a demanding job but also a very fun task to create an even betterThule. Our overall strategy remains the same and we have every chance to grow inthe coming years by positioning ourselves more within our core business -lifestyle products - making it easy for consumers to take everything they needto enjoy their journey with them," said Magnus Welander.Anders Pettersson has been in Thule for eight years and has recently, togetherwith the Board prepared Magnus to take over the role as CEO."I have for some time now made it clear that I want new challenges. The Boardand I fully agree that Magnus during the last three years has demonstrated in abrilliant way that he is the right man for the job," said Anders Pettersson.Magnus Welander enters his new role April 1, 2010For more information please contact:Magnus Welander, appointed President and CEO of Thule; Cell: +46(0)703 - 325 504Roger Holtback, Chairman of the Board, Thule; Cell: +46(0)705 - 486 818Anders Pettersson, resigning President and CEO of Thule; Cell: +46(0)703 -414 150Leif Andersson, Grayling AB; Cell: +46(0)733 - 656 634About ThuleThe Thule Group is the world leader within Sports and Utility Transportation.The company offers transportation solutions for active families and outdoorenthusiasts. The product portfolio includes roof racks, roof rails, bikecarriers, roof boxes, snow chains, towbars, trailers and RV accessories and softgoods. The number of employees is around 3 000.Thule is by majority owned by Nordic Capital Fund VI with seven Nordic banks and60 leading executives as minority owners. The head office is found in Malm?weden. Read more at www.thule.com
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Datum: 08.02.2010 - 05:38 Uhr
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