The CEO of leisure products company Dometic, Juan Vargues, acquired 29,540 shares in the company between February 4 and 6. The shares were purchased at an average price of SEK 37.92 per share, amounting to a transaction value of SEK 1.1 million. The trade was executed on Nasdaq Stockholm. This information is disclosed in the Swedish Financial Supervisory Authority's insider register.
As of January 28, Vargues owned 871,160 shares in Dometic, according to the shareholder service Holdings.
Mr. Juan Vargues is an Independent Director at Munters Group AB, a President & Chief Executive Officer at Dometic Group AB, a Chief Executive Officer at Dometic AB, a Co-Managing Director at Assa Abloy Entrance Systems France SAS and a President & Chief Executive Officer at ASSA ABLOY Entrance Systems Italy Srl. He is on the Board of Directors at Munters Group AB, Dometic UK Ltd. and Cary Group AB. Mr. Vargues was previously employed as a Vice Chairman & Chief Executive Officer by Cardo AB, a President & Chief Executive Officer by Besam US, Inc., an EVP & Head-Entrance Systems Division by Assa Abloy AB, a President, Chief Executive Officer & Executive VP by Besam AB, a Chief Executive Officer by Besam Iberica SA, and a President by ASSA ABLOY Entrance Systems AB. He received his undergraduate degree from the International Institute for Management Development and an MBA from the University of Lund.
Dometic Group AB publ is a Sweden-based company that manufactures and supplies mobile leisure products for recreational vehicles, such as motorhomes and caravans, and marine, commercial and passenger vehicles. Its products include awnings, air conditioners, refrigerators, ovens, stoves, windows, lights, doors, sanitation systems, generators, sinks, cooktops, portable fridges and freezers, holding tanks, ovens, sinks, cool boxes, dishwashers, grills, inverters, safes, vacuum cleaners, generators, battery charging systems, wine coolers, and minibars, among others. Its products are sold through multiple distribution channels in around 100 countries under the brands: Dometic, WAECO, Marine Air, Cruisair, Condaria, SeaLand and Mobicool. The Company operates production facilities in Asia, Europe and the United States
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