SWEDEN: Ex-Saab director to start as Plastal Industri CEO 1 Jan
Automotive supplier, Plastal Industri, says former Saab business development executive director, Martin Larsson, is to start as CEO on 1 January next year.
Larsson has already joined the Swedish plastics supplier, but will formally assume the top post on New Year's Day, 2013, when he succeeds Per-Ewe Wendel.
The former Saab employee was also director of purchasing at General Motors and Saab and was responsible for negotiations to find a future for the troubled Swedish company, which went into bankruptcy at the end of last year, but which has subsequently found new owners.
Wendel has been CEO of Plastal Industri since September, 2009 and is to step down at his own request. He will pursue other interests such as at the Swedish Automotive Association.
"Per-Ewe has in an excellent way led the company during the difficult time after the bankruptcy and has, with his vast experience and deep expertise in the business, actively contributed to Plastal's good development," said Plastal chairman, Stig-Arne Blom.
"Now that Per-Ewe chooses to unwind, we in the board are very pleased to be able to engage Martin Larsson to us. He has during his time within the GM group demonstrated good leadership and gained extensive experience in the automotive industry, seen from a global perspective."
Plastal employs more than 800 people.