The board of directors of Bufab AB (publ) has in a previous press release, dated July 15, 2021, announced that they have appointed Staffan Pehrson as the CEO of the company, effective February 1, 2022. Staffan has announced that he intends to accept another role outside the company. He will therefore not assume the position as CEO of the company. The Board of Directors will immediately start up the work on finding a new President and CEO. Until a permanent solution is in place, Johan Lindqvist will continue as acting President and CEO.
Bufab AB (publ) is a Sweden-based company engaged in the supply of fasteners and small parts to industrial segments, and provision of logistics and purchasing services. The Company purchases, develops, manufactures and distributes components such as C-parts, standard fasteners, magnets, magnet systems, and other standard and drawing-specific parts in metal, plastic, rubber, stainless steel, metal powder, wire and fabric. It serves a variety of industries, such as telecommunication, automotive, furniture, offshore, engineering, industrial construction, agriculture, aerospace and railway. The Company operates through subsidiaries in Sweden, Norway, Finland, France, Germany, China, Taiwan, Austria, Poland, the United Kingdom and the Netherlands, among others. Also, it operates Kian Soon Mechanical Components Pte Ltd in Singapore.