Press Release - Erik Danemar becomes new CFO and Investor Relations Director in Ferronordic
Erik Danemar holds a BA in Economics and Management from the University of Oxford and an Executive MBA from London Business School. He has substantial financial experience from Deutsche Bank and United Financial Group in London and Moscow and has been CFO and IR-responsible for Nasdaq-listed Black Earth Farming. Between 2011-2013, Erik was a member of Ferronordic’s Board. He will join from a role as Country Manager for EF’s educational programs for adults in Russia and CIS.
Lars Corneliusson, Ferronordic CEO, comments: ”It is a pleasure to welcome Erik back to Ferronordic. With his experience and skills he has a lot to contribute to the company and I am convinced that he will mean a lot for the future success of Ferronordic.”
“I look forward to working for Ferronordic. The company has a very strong business model with clear focus on profitability and growth”, said Erik Danemar.
Erik will share his time between Stockholm and Moscow.
Ferronordic is the authorized dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Mecalac and Rottne in Russia, and for Volvo Construction Equipment and Mecalac in Kazakhstan. In parts of Russia, Ferronordic has also been appointed aftermarket dealer for Volvo and Renault Trucks and dealer for Volvo Penta. The company began its operations in 2010. It is established in all federal districts of Russia with 79 outlets and over 1,000 employees. Ferronordic’s vision is to be regarded as the leading service and sales company in the CIS markets. The shares in Ferronordic are listed on Nasdaq Stockholm.
For more information, please contact:
This information was submitted for publication on 16 April 2019, 10:00 CET.
Your subscription is now saved and you will receive an e-mail to verify your address and activate your subscription.
Latest press releases
Invitation to Ferronordic's investor presentation 17 February 2023
Ferronordic’s year-end report of 2022 will be published on 17 February 2023 at 07:30 CET. A presentation of the report will be held the same day at 10:00 CET.
Ferronordic sells its Russian business
Ferronordic has divested its Russian business. The purchase price corresponds to SEK* 1,320m. Approx. SEK 230m of this amount has been used by Ferronordic AB to repay debt to the sold Russian subsidiaries. The remaining part of the purchase price has been received in euro on Ferronordic’s account in Austria. For the Group, the divestment thus entails a cash inflow of approx. SEK 1,090m. Ferronordic’s other operations in Germany and Kazakhstan are not directly affected by the transaction.