SENIOR APPOINTMENT FOR HUSQVARNA GROUP

It was announced this week that the board of directors of Husqvarna AB has appointed Henric Andersson to succeed Kai Wärn as the President & CEO of the Husqvarna Group effective as of April 2, 2020, following the closing of the 2020 AGM.

Kai Wärn will retire from his role as CEO and Board Member as of such date, but will continue as a senior advisor to the Board during 2020.  

Tom Johnstone, Chairman of Husqvarna AB said, "I am delighted that the new President & CEO of Husqvarna Group, Henric Andersson, has been developed within the Group, where he has worked for the last 22 years. Henric is a strong and well-appreciated leader with a very good business and technology focus. He has a very broad experience within the Group having worked in various roles in Commercial Lawn and Garden, the Construction Division and for Group Technology before taking up the role as President of the Construction Division in 2015."

Henric Andersson is currently President of the Construction Division of Husqvarna and has been a member of Group Management since 2012. He was born in 1973 and has a Master of Science degree in Industrial Engineering & Management from Linköping Institute of Technology.  

"On behalf of the Board I want to sincerely thank Kai for his leadership of Husqvarna Group since 2013 and for the very good job he has done. The results of this work over this period can be clearly seen both in the financial performance and the total shareholder return," said Tom Johnstone.

Kai Wärn, the outgoing President and CEO, said, "I am proud over what we have achieved during these years in respect of strengthening our competitiveness, especially in areas such as robotics, the petrol-to battery transition and technology including connected solutions such as Smart Garden. We have also made important transformative changes in the organization to increase focus on our end-customers and core brands, achieved through the Divisional structure."