Changes in Velcora Group Management

3/16/2018, 8:30 AM (Source: GlobeNewswire)

PRESS RELEASE, March 16, 2018

Changes in Velcora Group Management

Patrick Olsson has been appointed new VP Manufacturing and Supply Chain and Jonas Falkestedt new global Head of Engineering for the Velcora group.

Olsson, born 1974, currently holds the position as global Head of Engineering for the Velcora group and he will assume his new role as from May 1, 2018. Until then Harald Rach will continue to fill the position as interim.

Patrick Olsson first joined the Velcora group in September 2017. Olsson has a Bachelor of Mechanical Engineering from the Royal Institute of Technology in Stockholm and a M.Sc., Manufacturing Management from Loughborough University in Leicestershire, UK. In addition, Olsson also holds an MBA from the Stockholm School of Economics. Before joining the Velcora group he held the position as Project Management Officer for the global fluid handling group Colfax. Olsson has also held positions as Industrial Performance Leader at Schneider Electric as well as Production Manager at Car-O-Liner.

Jonas Falkestedt, born 1982, will assume the position as global Head of Engineering as of April 9, 2018. Falkestedt holds a Master, Mechanical Engineering from Chalmers University of Engineering. He has previously held the position as Manufacturing Engineering Manager at the global fluid handling group Colfax.

For further information, please contact:
Peter Schmid, +46 70 373 81 43
Jonatan Forsberg, +46 708 78 43 33

This information is information that Velcora Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.30 CET on 16 March, 2018.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Velcora Holding AB via Globenewswire

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