The Board of Directors of GARO AB has resolved on a new division of segments to increase focus and clarity. From January 1, 2022, the business areas GARO Electrification and GARO E-mobility will replace the current business areas of GARO Sweden and GARO International. Financial reporting with these new business areas will begin from the first quarter of 2022.
President and CEO Patrik Andersson will assume the role of Business Area Manager for GARO Electrification, which will contain the Electrical distribution products, Project business & Temporary Power product areas. Niklas Rönnäng will assume the role of Business Area Manager for GARO E-mobility on 3 January 2022.
Jan Larsgaard, CEO of GARO A/S, Norway and Joe Ree, CEO of GARO Electric Irl Ltd Ireland will leave Group Management but continue in their respective positions as country CEOs.
For more information, please contact:
Patrik Andersson, CEO +46 (0)76 148 44 44
Helena Claesson, CFO +46 (0)70 676 07 50
GARO AB (publ) Corp. Reg. No. 556071-7772 is a company that develops, manufactures and markets innovative products and systems for the electrical installations market under its own brand. GARO's customer offering is to provide complete solutions in the product areas of Electrical distribution products, E-mobility, Project business & Temporary Power with a focus on electrical safety, user-friendliness and sustainability. GARO was founded in 1939, has its head office in Gnosjö and is today an international company with operations in six countries with around 450 employees. The company's production units in Sweden are located in Gnosjö and Värnamo, as well as in Szczecin, Poland. GARO's sales in 2020 amounted to MSEK 1,040. GARO is listed on Nasdaq Stockholm under the ticker name GARO. For more information, see www.garo.se
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