Addtech AB (publ) announced that current CEO Johan Sjö has at his own request, decided to leave his operational role in Addtech to focus more on his external board assignments. The Board of Directors has appointed Niklas Stenberg as new President and CEO of Addtech AB. Niklas Stenberg will take over in connection with the Annual General Meeting 30 August 2018.

Johan Sjö will remain in his position until then. Niklas Stenberg has solid experience from the Group and has been Business Area Manager of Power Solutions and part of Group Management since 2015. Between 2010 and 2015 Niklas has held various senior positions within Addtech, such as Business Unit Manager and Managing Director of subsidiaries.

In 2005-2010, Niklas was employed in various positions within Bergman & Beving/B&B Tools and before that as a lawyer at Advokatfirman Delphi. The hope of the Board and Johan is that he will continue to be a member of the Board of Directors in Addtech after the Annual General Meeting, and that he in this role will be able to ensure continuity in the CEO succession and contribute to a continued positive development, continues Anders Börjesson.