Defence and security company Saab (STO:SAABB) today announces changes to
its business area structure. The adjustments further develop and
strengthen Saab's organisation in accordance with its overall business
strategy. At the same time changes are being made within the Group
Management, which mark a shift in generations. All changes will be
effective from 1 January 2015.
A new business area:
To create a stronger and more aligned platform for Saab business units
that have a business-to-business focus, a new business area, Industrial
Products and Services is being established. Industrial Products and
Services will contain business unit Aerostructures (today part of
Business Area Aeronautics), business unit Avionics (today part of
Business Area Electronic Defense Systems), independent technical
consultancy company Combitech, and the Saab Ventures portfolio
(currently part of Saab Corporate).
The business units in Industrial Products and Services differ from other
operations within Saab because their focus is on business-to-business
customers, or they operate independently from Sab's main end-user
sales. Other Saab business areas typically work with government or
national authority end-users. This altered customer focus creates
distinct management needs and priorities when it comes to strengthening
business in the long-term. These needs and priorities will be better
supported in the new organisation and Industrial Products and Services
will develop individual growth strategies for each of its component
Changes in the Group Management:
Deputy CEO and Head of Aeronautics Lennart Sindahl becomes full-time
Deputy CEO. Ulf Nilsson, today Head of Gripen within Business Area
Aeronautics, becomes the new Head of Business Area Aeronautics and a
member of the Group Management.
The current Chief Strategy Officer, Dan Jangblad, becomes Head of new
Business Area Industrial Products and Services and will remain a member
of the Group Management.
Jonas Hjelm, today Head of Market Area Americas, becomes new Head of
Business Area Support & Services and a member of the Group Management.
He will replace Lars-Erik Wige, who becomes Senior Advisor to the CEO
and will leave the Group Management.
Head of Group Communication Åsa Thegström becomes a member of the Group
Replacements for the Chief Strategy Officer and Head of Market Area
Americas will be recruited.
Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has
operations and employees on all continents and constantly develops,
adopts and improves new technology to meet customers' changing needs.
The information is that which Saab AB is required to declare by the
Securities Business Act and/or the Financial instruments Trading Act.
The information was submitted for publication on 3 September 2014 at
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