Mikael Norin to leave position as CEO of Cavotec in 2022

Mikael Norin has decided to leave his position as Group CEO of Cavotec. Norin is expected to leave the company later in the year when a successor is in place.

“Mikael has expressed his desire to return home to the US, after having been based in Switzerland with his family for the last five years," said Patrik Tigerschiold, Chairman of the Board of Cavotec.

“Mikael has done a great job of transforming Cavotec but we understand the family considerations that have led him to this decision. The board has therefore accepted his request to leave the company and we will immediately start the work to identify a successor,” Tigerschiold added.

“It has been the privilege of a lifetime to lead the transformation of Cavotec from a traditional product manufacturing company to a focused cleantech solution provider,” commented Norin.

Norin continued: “As this journey is almost complete, it is with a heavy heart that I have decided that now is the time for me to prioritize the wellbeing of my family and hand over to someone else to continue developing this great company.”

ENDS

For further details please contact:

Johan Hähnel
Investor Relations Manager
+46 70 605 63 34; investor@cavotec.com

This is information that Cavotec SA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on 28 January 2022.