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Ferronordic AB: Ferronordic appoints Managing Director for Germany

10:00 / 15 January 2021 Ferronordic Press release

Ferronordic has appointed Martin Bauknecht Managing Director of the German business and new member of the Group Management Team, effective 3 February 2021.

Martin has solid experience of dealership management. Until recently he was the CEO of Raiffeisen Technik GmbH, a dealer of agricultural machinery in Germany that he turned from loss to profit. Before that he held various positions with MAN Truck and Bus. He has a degree in Economics and Business Administration from the University of Hohenheim. Martin will be based in Frankfurt. He will be part of Group Management and report to Ferronordic's CEO, Lars Corneliusson.

Henrik Carlborg, Business Development Director and current Managing Director Germany, will return to focusing on the overall business development of the Group, including the continued expansion and improvement of the service network in Germany.

Lars Corneliusson, Ferronordic's CEO, comments: "I am delighted to welcome Martin to Ferronordic. With his track record in turning around and transforming businesses, Martin will play an instrumental role in the next phase of growth for Ferronordic Germany and be an important asset for the Group. At the same time, Henrik will be able to focus on the strategy and further development of the Group as a whole."

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