Renström, who has led the company since 2004, will be succeeded by Tom Erixon who is currently president and CEO of the OVAKO Group, a producer of engineering steel for customers in the bearing, transport and manufacturing industries.
“I feel proud and excited to join Alfa Laval which I know as a solid global industrial leader with a strong company culture. I am impressed by the growth and performance of the company under Lars Renström’s leadership over the last decade and my ambition is to continue this successful journey of profitable growth,” said Erixon.
“It has been an honour and a privilege to lead Alfa Laval. It is natural that I retire next year when I turn 65 and the board of directors’ decision to appoint Tom - whom I know from my period at Seco Tools - makes it easier for me to step down,” said Renström.
Erixon will succeed Renström at the April 2016 Alfa Laval Annual General Meeting at the latest.