Published 2016.02.29

Management change in Nefab Group

The board of directors in Nefab Group AB and the CEO David Mörk have agreed to go separate ways

Jönköping, 2016-02-29

Management change in Nefab Group

The board of directors in Nefab Group AB and the CEO David Mörk have agreed to go separate ways, which means that David Mörk will leave the company and his position as CEO. The change is effective as of today. Bo Angelstrand, Executive Vice President Sales & Marketing with 20 plus years in the company, will step in as acting CEO. The recruitment process to find a permanent solution has started.

Nefab is today stronger than ever when it comes both market position as well as financial position with strong owners. One of the main challenges for Nefab in the last years has been to drive profitable growth. Nefab´s vision to be a strong player within niche markets in the international packaging market and to drive profitable growth remains.

Given Nefab´s strong position and the opportunities that exists, the board of directors and owners want to increase the pace of change and focus on developing the business to the next level in terms of offer, scalability, customer/segment focus, efficiency, etc.

With this as background, the board of directors and David Mörk have agreed that in order for Nefab to succeed with this further development, a CEO with a different profile and experience is required.

This does not in any way reflect that David has not managed Nefab in a good way as CEO, but more reflects that the board of directors view that a new leadership is needed to successfully develop Nefab to the next level.

‘David has, since he became CEO in 2012, in a great way managed and developed the business with good profitability. On behalf of the board of directors, I would like thank David Mörk for his great commitment and contribution to develop Nefab to what it is today. I want to wish him all the best for the future’ says Per Hallius, chairman of the board of directors.

For any questions, please contact the chairman of the board of directors

Per Hallius

Per.hallius@nefab.com

+46 730 794 420