Christer Wahlquist appointed as new President and CEO of Nolato

15-10-28 14:30 - Regulatory

At his own request, Hans Porat will step down as President and CEO of Nolato when the 2015 year-end report is published on 4 February 2016. Nolato’s Board has appointed Christer Wahlquist as the Group’s new President and CEO.

Christer has been Head of the Nolato Medical business area since 2005. “With his broad business experience and in-depth knowledge of Nolato, Christer Wahlquist is the right person to continue the highly successful development of Nolato over recent years,” said Chairman of the Board Fredrik Arp.

Christer Wahlquist is 44 years old with an MSc in Metallurgy and an MBA. He has significant international experience in marketing, production and acquisitions. He has worked at Nolato since 1996 and, during his 10 years as Head of Nolato Medical, has successfully developed this business area into a global player with operations in Europe, North America and Asia. He has been a member of Nolato Group management since 2005.

Christer Wahlquist will take up his position as President and CEO on 5 February 2016. The process to recruit a new Head of Nolato Medical has begun.

Hans Porat, who is 60 years old, is retiring after more than eight years as President and CEO of Nolato.

“I would like to thank Hans for his outstanding efforts over the years. Under Hans’ leadership, Nolato has achieved strong international growth and significantly improved margins, resulting in high returns for shareholders,” said Chairman of the Board Fredrik Arp.

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For further information, please contact:
Fredrik Arp, Chairman of the Board, +46 708 207000
Per-Ola Holmström, CFO / IR, +46 705 763340

Nolato is a Swedish group operating in Europe, Asia and North America. We develop and manufacture products made from polymer materials such as plastic, silicone and TPE for leading customers in medical technology, pharmaceuticals, telecoms, automotive, hygiene and other selected industrial sectors.

Nolato shares are listed on Nasdaq Stockholm, where Nolato is a Mid Cap company in the Industrials sector. The information is such which Nolato AB is obliged to disclose under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act.

This information was made public on 28 October 2015 at 2.30 pm.

www.nolato.com

Christer Wahlquist, Nolato

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