Rickard has been at Ovako since 1993, most recently as the President of Business Unit SmeBox. During his time at Ovako he has held various roles and has worked at several of the Ovako sites, including as manager of Tube and Ring in Hofors.
“I would like to thank Erik for the work he has done together with the management team in Hofors. When he assumed the role, his primary task was to stabilize the business and turn around the profitability trend, which I believe he has managed to do,” says Marcus Hedblom, President and CEO.
“Rickard has during his time as President of Business Unit SmeBox successfully developed the business and strengthened the profitability of the unit. With his valuable expertise and extensive experience from large parts of the organization and our business, he will be able to take on and drive the development to create long-term stability for Ovako in Hofors,” Marcus continues.
Ovako develops high-tech steel solutions for, and in cooperation with, its customers in the bearing, transport and manufacturing industries. Our steel makes our customers’ end products more resilient and extends their useful life, ultimately resulting in smarter, more energy-efficient and more environmentally-friendly products.
Our production is based on recycled scrap and includes steel in the form of bar, tube, ring and pre-components. Ovako has around 3,000 employees in more than 30 countries and sales of approximately EUR 1000 million. Since March 2019, Ovako is a subsidiary of Sanyo Special Steel and a member of Nippon Steel Corporation group, the third-largest steel producer in the world with more than 100,000 employees globally and a revenue of approximately EUR 50 billion. For more information, please visit us at www.ovako.com, www.sanyo-steel.co.jp and www.nipponsteel.com.