In order to achieve its strategic ambitions in the markets where Bulten operates and further increase the company’s innovative power, changes are being made to Bulten’s Executive Management Team. The new organisation will better support the company’s objectives, and its vision to create and deliver the most innovative and sustainable fastener solutions.
Bulten operates in a global market that is constantly evolving. Conditions in Europe, Asia, and North America have changed in recent years, and customers are increasingly demanding that suppliers have a regional presence. With this in mind, and in tandem with Bulten’s powerful growth, the EMT and Board of Directors have identified a need to move more decision-making to each region so that the company can better meet the unique needs of each market. A process of reorganisation is therefore now underway, from a global functional structure to an interdisciplinary regional structure, with each of the three regions assuming full responsibility for production and sales.
The following people have been appointed to head up each region:
- Markus Baum – President Region Europe
- Bent Wessel-Aas – Interim President Region Asia
- Chad F. Squires – Vice President Region North America
Recruitment of a permanent President Region Asia is ongoing.
To further consolidate Bulten’s expertise in product development and innovation, the company’s engineering resources are also being reorganised. Emmy Pavlovic, formerly SVP Technology and Innovation, is being appointed Chief Technical Officer (CTO). In addition to her existing innovation team, she will now also be responsible for application engineers and future preparation/process engineers. Gathering the engineers in one and the same function will boost the company’s ability to respond to customers’ future needs for new types of technical solutions.
Following these changes, Bulten’s EMT now comprises:
- Christina Hallin – Interim President and CEO (from 9 Feb)
- Anna Åkerblad – CFO
- Markus Baum – President Region Europe
- Bent Wessel-Aas – Interim President Region Asia
- Emmy Pavlovic – CTO
- Claes Lindroth – SVP Purchasing and Quality
- Marlene Dybeck – SVP HR and Sustainability
- Ulrika Hultgren – SVP Corporate Communications and IR
Since Bulten’s North America operation is still relatively limited, Chad F. Squires will not be an ordinary member of the EMT, but will be co-opted as required in the same way as Felix Lian, Managing Director of Bulten’s Asian subsidiary, Exim & Mfr Enterprise. Both will report to Bulten’s President and CEO.
As announced previously, the current President and CEO, Anders Nyström has decided to leave the company. His last day in the role will be February 9, 2024.
Source: Bulten Group
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