Hello, I must be going: new CFO’s change of heart

It wasn’t so long ago we were notified that Nils-Johan Andersson was going to take the reins as Saab’s new CFO. Now news from di.se and hd.se that he’s decided not to leave his employer, Lindab. Instead he’s going to move to the position of Business Area Manager of Ventilation within the company. Lindab says he would like to stay near his home for personal reasons.

From the Lindab’s press release:

Nils-Johan Andersson, currently Lindab’s CFO, will replace Anders Thulin as Business Area manager Ventilation with immediate effect.

Nils-Johan Andersson has been with Lindab in the position as CFO since 1999. Nils-Johan Andersson recently announced his intention to leave Lindab to take up an external position at Saab Automobile in Trollhättan. For personal reasons he will now remain in the North-West Skåne region.

“I am delighted that Nils-Johan will remain with Lindab to use his talent and long experience within Lindab to develop the Ventilation Business Area as well as continuing as a key member of the Group management team,” says David Brodetsky, CEO of Lindab.

“Nils-Johans Andersson’s business sense, his existing knowledge of our business and the Lindab culture will be a great asset in accomplishing our growth plans for this Business area.”

Anders Thulin, the current Business Area Manager Ventilation, will leave the company forthwith.

“I wish Anders Thulin much success in the future and I thank him for his contribution to Lindab during what has seen the start of the recovery period for the business,” says David Brodetsky.

Per Nilsson, currently Group Controller, will step in as acting CFO until a permanent replacement for Nils-Johan Andersson has been appointed.

While I find the whole thing slightly weird, I understand how moving one’s entire family can be a huge task. Either way, I hope Mr. Andersson all the best with Lindab.

In the meantime, Saab has yet to issue a statement regarding who or when they might appoint their next CFO. Karl G Lindström is serving as interim CFO at Saab. I imagine they were surprised by this as much as everyone else.

MarcB
Guest
MarcB
5 years 6 months ago

It is not a good sign when someone attains a “C” level position and then moves to a “Manager” position … not the kind of career strategy that suggests clear thinking, or the kind of strategic thinking that Saab would want as a CFO!

Bravada from GMI
Guest
5 years 6 months ago
This is indeed very strange, and hardly positive in any regard, certainly not for Saab. While I am not really sure they needed to beef up the salesforce with external hires in many other areas, they appear to be in a position where they would benefit a lot from a strong, strategically-thinking CFO. Perhaps Karl G Lindstrom can be convinced to stay in his position permanently with a regular, rather than interim, pay. Or perhaps he is worth his interim pay as a regular paycheck anyway. For what I know about him, I like him very much in this position… Read more »
Saabulon
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Saabulon
5 years 6 months ago

And I would like to add:

3. (If not already done, or under way) Add a financial perspective to supply chain, trim the balance sheet and squeeze out idle resources wherever possible.

BTG88
Guest
BTG88
5 years 6 months ago

Seems like a weak excuse. He would have know that he would have had to move to be able to work out of the HQ when negotiations started. If this is the level of strategic thinking, then Saab is better off without him. The company needs a sharp CFO that can go in front of the press and the analysts and provide a clear and balanced reporting of the company, its operations and its future. At this stage in the “re-boot” of Saab, the CFO position is critical.

Sombrero
Guest
Sombrero
5 years 6 months ago

To me it sounds that lindab made an offer he could not refuse.

Chris Carrier
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Chris Carrier
5 years 6 months ago

Well, it’s hard to compete with a title like “Business Area Manager of Ventilation.”

DavidMorgan
Guest
DavidMorgan
5 years 5 months ago

I wonder where all this is taking us .. ?
I never had any confidence in the Russian “angle”.
It would seem that VM’s “interest” is wandering !

I do hope we are noty going to have to start a new SAVE SAAB campaign

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