Press

Nocom’s management to change roles – Stefan Skarin to become Working Chairman and Stefan Ström new CEO

Nocom is showing robust profitability and powerful growth. To step up the pace of strategic development while maintaining the focus on long-term profitability, the roles of the current management will be changed. Stefan Skarin, the present CEO and one of Nocom’s principal stockholders, is proposed to become Working Chairman in connection with the Annual General Meeting on May 3. At the same time, the current CFO Stefan Ström will take over as CEO of Nocom. Stockholders representing 22.7 percent of the votes have notified the company that they intend to vote in favor of the proposal. Working side by side, Stefan Skarin and Stefan Ström have guided Nocom through the dramatic changes of the past five years. Nocom has evolved from a loss-making company to a stable and profitable IT group that has carried out several successful acquisitions. In 2005 Nocom delivered the highest earnings in the company’s history, and is assessed to have considerable scope for further improvement in growth and profitability. Nocom is off to a strong start in 2006 with organic growth of over 40 percent and enhanced profitability. ”Nocom has now entered a phase in which strategic planning is increasingly important. As Working Chairman, and in my role as one of the largest stockholders in the company, I can focus on my energy and attention on realizing the growth potential found in the Group,” says Stefan Skarin. ”Stefan Ström has a solid financial background and knows the Group inside and out. We will continue to work in close collaboration in our new roles.” As Working Chairman, Stefan Skarin will be responsible for the company’s strategic development and growth, as well as Investor Relations (IR). Stefan Ström will focus on the Group’s long-term profitability and operating efficiency. ”After several years in the executive management, I am well acquainted with the business and the subsidiaries. Today Nocom has a strong financial foundation – in terms of both profitability and assets,” says Stefan Ström, who has been employed by Nocom since 1997. ”As CEO, I look forward to exploiting the potential for improved profitability still available in the Group. Another priority till be to optimize the Group’s financial structure to create the conditions for future growth.”

© IAR Systems 1995-2016 - All rights reserved.