Ferronordic announces changes to its management team

As of January 2020, following the addition of the new Volvo and Renault Trucks business in parts of Germany, Ferronordic has reorganized its management team. The group management, focusing on the group’s business in all markets, consist of Lars Corneliusson, Chief Executive Officer, Nadezhda Arzumanova, Human Resources Director, Henrik Carlborg, Business Development Director, Erik Danemar, Chief Financial Officer and Investor Relations Director, Dan Eliasson, General Counsel, Onur Gucum, Commercial Director, and Anton Zhelyapov, Director Trucks. Further, two management boards have been established for Russian/Kazakhstan and Germany, respectively. The management board for Russia/Kazakhstan consists of all members of the previous group management, while the management board for Germany consists of the new group management as well as certain members of the local management team of Ferronordic Germany.

About Ferronordic

Ferronordic is a service and sales company in the areas of construction equipment and trucks. It is the dealer of Volvo Construction Equipment and certain other brands in all of Russia and Kazakhstan, aftermarket partner of Volvo Trucks and Renault Trucks in part of Russia, and dealer of Volvo Trucks and Renault Trucks in part of Germany. The company also offers contracting services where it owns and operates equipment to carry out works for customers. Ferronordic began its operations in 2010 and now has over 90 outlets and about 1,500 employees. Ferronordic’s vision is to be regarded as the leading service and sales company in its markets. The shares in Ferronordic AB (publ) are listed on Nasdaq Stockholm. www.ferronordic.com

For more information, please contact:

Erik Danemar, CFO, Tel. +46 73 660 72 31, or erik.danemar@ferronordic.com
This information was submitted for publication on 14 February 2020, 12:00 CET.