In connection with its report for the third quarter 2018, Lindab has announced that a new group structure with three separate business areas will be launched January 1, 2019. As a result, two new divisions are formed, Lindab Ventilation Systems and Lindab Profile Systems.
Olof Christensson has been appointed Director of Division Lindab Ventilation Systems. Since joining Lindab in August 2017, Olof has been EvP for the function "Energy and Climate Solutions" and he is part of Lindab's management team.
Bengt Andersson has been appointed Director of Division Lindab Profile Systems. Bengt has worked for Lindab for many years in several different positions most recently as EvP Business Development, and he is part of Lindab's management team.
"We are convinced that both Olof and Bengt will develop Lindab's two divisions in the best possible way. They have solid skills, extensive experience as well as stabile leadership, which is exactly what Lindab needs", says Lindab's CEO Ola Ringdahl in a comment.
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This information is information that Lindab International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication at 07:40 CEST on 25 October 2018.
For additional information, please contact:
Ola Ringdahl, President and CEO
Email: ola.ringdahl@lindab.com (mailto:ola.ringdahl@lindab.com)
Phone: +46 (0) 431 85000
Fredrik Liedholm, EvP Director Legal, M&A and HR
Email: fredrik.liedholm@lindab.com (mailto:fredrik.liedholm@lindab.com)
Mobile: +46 (0)72 38 85742
Lindab in brief:
Lindab develops, manufactures, markets and distributes products and system solutions for simplified construction and improved indoor climate. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had sales of SEK 8,242 m in 2017 and is established in 32 countries with approximately 5,100 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2017, the Nordic market accounted for 46 percent, Western Europe for 33 percent, CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 18 percent and Other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm List, Mid Cap, under the ticker symbol LIAB.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Lindab International AB via Globenewswire
