Johan Larsson appointed as CEO of SkartaNYAB Plc – also other changes in the management team
01.04.22SkartaNYAB Plc
COMPANY ANNOUNCEMENT, INSIDE INFORMATION
01.04.2022 at 11:30
Johan Larsson appointed as CEO of SkartaNYAB Plc – also other changes in the management team
SkartaNYAB Plc’s (“Company”) Board of Directors has appointed Johan Larsson as new CEO of the Company, effective immediately. He has been CEO in NYAB Sverige AB since 2012. Previously he has been an entrepreneur in several growth companies in different industries, and a board member in almost 30 companies. He is also a member of the Board of Directors of the Company.
Larsson owns 50% of Holding Investment Förvaltning i Luleå AB that owns 235,724,280 shares in the Company and is its largest shareholder with an ownership of 33.5 percent. In addition, he owns 5,055,000 shares in the Company personally and through his other controlled companies (ownership 0.7%).
“I am excited to be appointed as CEO of SkartaNYAB, a listed company with a truly entrepreneurial culture and soul. My objective and mission together with the Board of Directors is to create value for our shareholders. I truly believe that the only way to achieve sustainable long-term value creation is to attract and develop the best people in the industry. SkartaNYAB have an extremely competent and high performing staff, who have a track record of high organic growth combined with excellent margins. The main drivers are our culture and superior industrial know-how that provides us with a diversified perennial and carefully selected backlog, always executed with quality. EBITDA margin in SkartaNYAB’s combined pro forma figures for 2021 exceeds 10 %, a proof of strong financial performance.
SkartaNYAB’s own resources, combined with selected partnerships, such as recently started cooperation with Solarigo, make it an excellent builder of a clean future. Operating as a listed company also effectively enables mergers and acquisitions as a complement to our strong organic growth. We will never be a traditional buy and build company as our focus is to identify, attract, and acquire only industrial champions who share the same culture as we do, and who complement and improve our offer throughout Scandinavia. My promise is to operate on growing markets, and that we with care and balance will do even better in the coming years”, Larsson says.
Tuomas Hirvonen, the previous CEO of the Company, will continue as Executive Vice President and member of the Executive Management Team of the group. There have been other changes in the Executive Management Team as well to correspond to the management needs of the new group starting from 1 April 2022 onwards. Beside Larsson and Hirvonen, members of the Executive Management Team include:
- Chief Financial Officer Aku Väliaho
- Senior Vice President Finland Mikko Ahonen
- Senior Vice President Sweden Magnus Granljung
- Vice President Sweden Mikael Ritola
- Vice President of Project Development Kari Tuominen
- Chief Communications & Marketing Officer Minna Koistinen (starts on 1 May 2022)
Previous members of the Executive Management Team will continue in the service of SkartaNYAB group, with the exception of Integration Director Hannu Mänty and Director of Strategy and Development Jukka Raudasoja, who are leaving the company as of 1 April 2022. Descriptions of the members of the Executive Management Team are available on the company website at www.skartanyab.com.
Contacts
- Johan Larsson, CEO, SkartaNYAB Oyj, +46 (0)70 182 5070, johan.larsson@nyabab.se
- Markku Kankaala, Chairman of the Board, SkartaNYAB Oyj, +358 (0)40 068 5719, markku.kankaala@skartanyab.com
About SkartaNYAB Oyj
SkartaNYAB is a builder of a clean future with decades of experience in complex and demanding projects. Our strategy is based on a strong competence and expertise in specialized construction, and we aim at expanding our activities in the value chain of wind power, solar energy and hydrogen solutions towards the development, construction and ownership of overall projects in clean energy, where we see excellent growth potential. SkartaNYAB is headquartered in Oulu and it has more than 300 employees at different locations in Finland and Sweden.
SkartaNYAB Plc's Certified Adviser is Augment Partners AB, info@augment.se, phone +46 8 604 22 55.
