Bufab AB has revealed Erik Lundén is the new President and CEO of Bufab. Lundén, currently Division Manager for Parts & Services at Sandvik Mining & Rock Solutions in the Netherlands, will assume his role on 15 August 2022. In connection with this, the current acting President and CEO, Johan Lindqvist, will assume the role of vice President and vice CEO.
Lundé's appointment comes after Staffan Pehrson had been lined up to take on the President and CEO roles. However the board, in December, announced the move would not be going ahead after he said he planned to take on another role outside the company.
"It is with great pleasure Bufab's Board of Directors present Erik Lundén as the new President and CEO for Bufab," said Bengt Liljedahl, Chairman of the Board of Bufab. "Erik's solid experience from senior positions, primarily within Sandvik in combination with his personal qualities and proven leadership skills as well as his business acumen when it comes to creating growth, is well suited to Bufab's future needs. We look forward to developing the Group together with Erik."
Erik Lundén was born in 1981 and holds a master's degree from the School of Business in Stockholm. During his eight years at Sandvik he has held several senior positions internationally and before Sandvik Lundén worked for several years as a management consultant at Lagerkvist & Partners in Stockholm.
Lundén added: "I feel very honoured and happy to have the trust as President and CEO of Bufab. Bufab is an interesting and fine company with great potential. I have followed Bufab's strong development since the IPO in 2014 and look forward to further developing Bufab together with group management and all employees in the future."
Until Erik Lundén takes office on 15 August 2022, Johan Lindqvist will continue in the role of acting President and CEO and then assume the role of Vice President and Deputy CEO.
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