Kristian Ackeby resigns as CFO of Loomis

Rhea-AI Summary

On March 24, 2023, Loomis announced the resignation of Chief Financial Officer Kristian Ackeby, who will leave his position no later than Q3 2023. A recruitment process for his successor has already begun. President and CEO Aritz Larrea expressed gratitude for Ackeby's leadership in positioning Loomis for future growth and transforming the finance team. Ackeby served as CFO for five years, highlighting his pride in the company's achievements and confidence in Loomis' workforce to push forward.

Positive

• Aritz Larrea commended Kristian Ackeby for his leadership in shaping Loomis' financial strategy.
• The recruitment process for a new CFO has been initiated, indicating proactive management.

Negative

• The resignation of a key executive like the CFO may create uncertainty among investors.
• Transition periods often expose companies to potential operational risks.

STOCKHOLM, March 24, 2023 /PRNewswire/ -- Kristian Ackeby has decided to resign from his role as Loomis' Chief Financial Officer and member of Group Management for a new assignment outside of Loomis. Kristian Ackeby continues in his current role until a successor is in place, however, will leave his role not later than during the third quarter 2023.

President and CEO Aritz Larrea, says:

"I would like to thank Kristian for his tireless service to Loomis during his time with the Group and for the time we had together as a team. Kristian has been a key leader both in the work to position Loomis for the future, as well as for transforming the Group's finance team. We sincerely appreciate his contributions and wish him all the best going forward."

CFO Kristian Ackeby, says:

"For the last five years I have had the privilege to serve as CFO of Loomis. It has been a very interesting time both for me personally and for the company. I'm proud of what we have accomplished together, and I'm confident that Loomis' fantastic employees will continue to develop the company."

The process of recruiting a new Chief Financial Officer has been initiated.

This press release is also available on the company's website, www.loomis.com.

March 24, 2023

CONTACT:

Aritz Larrea
President and CEO

Jenny Boström
Head of Investor Relations
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com

The following files are available for download:

https://mb.cision.com/Main/51/3740550/1940987.pdf

Kristian Ackeby resigns as CFO of Loomis

 

View original content:https://www.prnewswire.com/news-releases/kristian-ackeby-resigns-as-cfo-of-loomis-301781139.html

SOURCE Loomis AB

FAQ

Why did Kristian Ackeby resign as CFO of Loomis?

Kristian Ackeby resigned for a new assignment outside of Loomis.

When will Kristian Ackeby leave his position as CFO of Loomis?

He will leave his position no later than during the third quarter of 2023.

What is Loomis' stock symbol?

Loomis is traded under the stock symbol LOIMY.

Who is the current CEO of Loomis?

The current CEO of Loomis is Aritz Larrea.

What steps is Loomis taking after Ackeby's resignation?

Loomis has initiated the recruitment process for a new Chief Financial Officer.