Höganäs AB, Sweden, has announced that Fredrik Emilson has stepped down as its president and CEO of the company. Until a successor has been appointed, Magnus Eriksson, CFO of Höganäs, will assume the role of interim CEO in addition to his other duties.
Emilson’s departure is said to have been mutually agreed with the board of directors, and follows a thirteen-year career at Höganäs, with nearly six years as president and CEO. The search for a permanent replacement is reportedly underway.
“We are thankful for the way Fredrik has expanded Höganäs, led the business through turbulent times, and strengthened our position as the world’s leading metal powder company,” stated Magnus Hall, chairman of Höganäs. “Together with Fredrik, the board has agreed that following these active years and the conclusion of the coming strategy, now is the ideal timing for a change in leadership. We would like to thank Fredrik for his contribution and wish him all the best in his future endeavors.”
Emilson added, “After more than thirteen years with Höganäs and almost six years as CEO during turbulent and challenging conditions, I believe it is time to hand over the reins to new forces with invigorated energy to take Höganäs to the next level. To make a smooth transition we have agreed to make a swift transfer hence I will be leaving already now. I will remember my time with Höganäs with great affection and how much I have appreciated working with all colleagues.”