Trelleborg Names Nilsson as New CFO
Fredrik Nilsson has been hired to take over as the new Chief Financial Officer of Sweden-based engineered polymer solutions company Trelleborg Group, replacing Ulf Berghult who is leaving the role to take a position outside the company.Berghult, Trelleborg's CFO since 2012, will stay on until Trelleborg's 2020 year-end report is completed, leaving Nilsson to assume the position during the first quarter of 2021.Nilsson most recently worked at vegetable oil company AAK for nearly 14 years, holding the position of CFO for the past seven years.
V.Group Names Traaholt CFO
Ship management and marine services company V.Group announced it has appointed Petter Traaholt as Chief Financial Officer and a member of the V.Group Board.Traaholt joined V.Group from Eltel Group where he was Group CFO, based in Stockholm. Prior to joining Eltel in 2017, he held a number of senior operations and finance roles in Wilhelmsen Holding ASA; initially combining roles as CFO and Deputy CEO of Wilhelmsen Maritime Service, then in 2010 becoming President of Wilhelmsen Technical Solutions.
Trelleborg Gives Insight Into Long-Term Strategy
Trelleborg Group held its Capital Markets Day in Stockholm, Sweden. It included presentations that provided deeper insight into the long-term strategic choices on which the Group has chosen to base its work, and on specific priorities that will represent focus areas for each of the business areas in the near future to achieve their growth and profitability targets. Peter Nilsson, President and CEO of Trelleborg Group, says: “Trelleborg’s multi-year restructuring work is continuing to yield results.
Trelleborg is Raising the Bar
Trelleborg held its Capital Markets Day on Thursday, 6 December in Berns Salonger, Stockholm, Sweden. At the event, Trelleborg took the opportunity to release new financial targets for the Group and to launch a more focused organizational structure. New financial targets are in line with Trelleborg’s ambitions to increase value creation and to be a world leader in selected market segments and geographic markets. They include organic growth of 5 percent or above as well as an operating margin before interest and tax of 12 percent or above of sales. Return on shareholders’ equity is set to be 15 percent or above. “Trelleborg's new financial targets shall be seen as realistic, reachable and in line with responsible risk taking.
Trelleborg AGM – 2011 Best Year Yet
Approximately 700 shareholders attended Trelleborg’s recent Annual General Meeting in Trelleborg . The theme of CEO Peter Nilsson’s address was “A continuously evolving Trelleborg”. “2011 was the best year so far for Trelleborg. We achieved our financial goals and strengthened our finances. We continued our determined efforts to achieve sustainable profitable growth by gradually strengthening and developing the Group. “Our ambitious activities to develop the Group have yielded results. We have an improved global presence with a growing share of sales in such emerging markets as China, India and Brazil. We have established and expanded our presence for production and development as well as sales and services in prioritized markets to come closer to our customers.
