3/10/2015 12:01:00 AM
HEADLINES
SHORTTAKES: Bulten & Hillman

Bulten AB’s Chairman, Roger Holtback, announced that after ten years on Bulten’s Board of Directors, he will decline re-election at the forthcoming Annual General Meeting on April 29, 2015. 

“It is time to take on new challenges, not least in my own business group,” Holtback stated. 

Recent successes include strong Bulten market capitalization, healthy financial position, Nordic Capital has left as owner, the organic growth has increased by over 30% and the production in the factory in Russia has started. 

“In addition, division Finnveden Metal Structures has been sold in an industrially sound transaction and Bulten has become a clearly focused business with a new and inspired executive team,” Holtback added.

The Nomination Committee intends to elect Ulf Liljedahl to the board and appoint him new Chairman of the Board. Liljedahl is CEO of Volito AB since March 1, 2015. He was previously Head of Group Finance, IT and investor relations for the Husqvarna Group and has held the position as VP and CEO of Cardo Group and a number of positions in finance at Alfa Laval.

Furthermore, the committee proposes that Gustav Lindner is elected new board member. Gustav Lindner is the CEO of Investment AB Öresund since October 2014 and has previously held various positions at Swedbank. 

The committee also intends to elect Peter Karlsten new board member. Peter Karlsten is Executive VP, Volvo Group Truck Sales & Marketing EMEA since 2012.

The Nomination Committee intends to propose re-election of Hans Gustavsson, Johan Lundsgård, Ann-Sofie Danielsson and Hans Peter Havdal. Web: bulten.com

 

The Hillman Companies announced that Jeffrey S. Leonard will join the company as executive VP of Finance on March 16, 2015, and will be appointed CFO on April 1, 2015.

Leonard, 47, has been involved with mergers and acquisitions, strategic business development, and building financial teams throughout his career. Former roles include serving as CFO of Baker & Taylor, Inc., a $1.6 billion private equity owned distributor of physical and digital books, as well as video and music products. Prior to 2006 he was VP of Operations Finance for HD Supply/Hughes Supply, Inc.  

“We believe that his experiences will greatly benefit the company and its customers in this period of continued expansion,” stated Hillman CEO Jim Waters. 

Founded in 1964 as a fastener and keys company, Hillman supplies products for commercial and residential products for the hardware and home improvement industry. 

In 2013, Hillman acquired Canadian fastener manufacturer H. Paulin & Co. Ltd. for $103.4 million. Web: hillmangroup.com