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Alfa Laval's Chief Financial Officer Jan Allde to leave the company

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Alfa Laval announced that CFO Jan Allde will depart for family reasons after four years. He will remain until a successor is appointed, expected by October 31, 2022. Allde, who joined on February 1, 2018, led significant transformations in finance and IT, enhancing global reporting processes. A search for a new Group CFO has begun. Alfa Laval, a leader in heat transfer and fluid handling, reported SEK 40.9 billion in sales for 2021 and employs 17,900 people, continuing its commitment to sustainability and responsible growth.

Positive
  • Successful transformation of finance organization under Jan Allde.
  • Improved global reporting processes implemented.
Negative
  • Departure of CFO may create uncertainty during the transition period.

LUND, Sweden, March 2, 2022 /PRNewswire/ -- After four years with Alfa Laval, CFO Jan Allde will leave the company and relocate to the Stockholm area for family reasons. A process to identify a new Group CFO has been initiated. Jan will remain in his current position until a successor is in place, at the latest until October 31, 2022.

Jan Allde, 54, joined Alfa Laval on February 1, 2018, from a position as Senior Vice President & Chief Financial Officer, Americas for the ABB Group. Before that he held various finance leadership roles at ABB during his 20-year tenure. Based on a mutual agreement, Jan will remain in his current position until a successor is in place, at the latest until October 31, 2022. For family reasons Jan will be relocating to the Stockholm area.

During his time at Alfa Laval Jan has built a strong team in both Finance and IT. "Jan has successfully led the transformation of the finance organization and improved our global reporting processes during the last four years. His leadership has been instrumental as we have implemented a more decentralized business organization based on the Business Unit structure.  I wish him all the best for the future," says Tom Erixon, President and CEO. 

A process to identify a new Group CFO for the next phase of Alfa Laval's journey has been initiated.

This is Alfa Laval

Alfa Laval is a world leader in heat transfer, centrifugal separation and fluid handling, and is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets.

Alfa Laval's innovative technologies are dedicated to purifying, refining, and reusing materials, promoting more responsible use of natural resources. They contribute to improved energy efficiency and heat recovery, better water treatment, and reduced emissions. Thereby, Alfa Laval is not only accelerating success for its customers, but also for people and the planet. Making the world better, every day.

Alfa Laval has 17,900 employees. Annual sales in 2021 were SEK 40.9 billion (approx. EUR 4 billion). The company is listed on Nasdaq Stockholm.

www.alfalaval.com

For more information please contact: 
Johan Lundin 
Head of Investor Relations 
Alfa Laval  
Tel: +46 46 36 65 10 
Mobile: +46 730 46 30 90 

Eva Schiller
PR Manager
Alfa Laval
Tel: + 46 46 36 71 01
Mobile: +46 709 38 71 01

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/alfa-laval/r/alfa-laval-s-chief-financial-officer-jan-allde-to-leave-the-company,c3517302

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https://mb.cision.com/Main/905/3517302/1543183.pdf

PR_CFO_220302_ENG

Cision View original content:https://www.prnewswire.com/news-releases/alfa-lavals-chief-financial-officer-jan-allde-to-leave-the-company-301494048.html

SOURCE Alfa Laval

FAQ

When did Jan Allde join Alfa Laval?

Jan Allde joined Alfa Laval on February 1, 2018.

What is the expected timeline for appointing a new CFO at Alfa Laval?

A new Group CFO is expected to be appointed by October 31, 2022.

What was Alfa Laval's annual sales figure in 2021?

Alfa Laval reported annual sales of SEK 40.9 billion in 2021.

How many employees does Alfa Laval have?

Alfa Laval employs approximately 17,900 people.

What areas does Alfa Laval specialize in?

Alfa Laval specializes in heat transfer, centrifugal separation, and fluid handling.

ALFA-LAVAL AB UNSP/ADR

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