Husqvarna Group launches new brand driven organization
ET | Source:Husqvarna AB
Husqvarna Group will establish a new organization for its forest and garden
operations which follows the brand dimension with a global profit and loss
responsibility. The Construction division will continue in its current form. The
new organization will gradually be implemented and fully effective as of January
1, 2015. Implementation costs and redundancies will be limited.
“The brand dimension of the new organization allows differentiating the three
business models, each with their own distinct end customer target groups,
strategy and offering - and aligning them with the associated operational
resources and required leadership structure. Priorities will be simplified and
responsibilities will be clear, thus achieving accountability and faster
decision making. Important synergies will still be secured e.g. in sourcing,
logistics and technology.” says Kai Wärn, President and CEO of Husqvarna Group.
The forest and garden operations will be organized in three global brand
divisions representing three different business models;
· Husqvarna (including Zenoah), which are dealer channel centric brands that
enjoy strong recognition across many different forest and garden product
segments, primarily for professionals and demanding consumers. Net sales for the
division in 2013 represented approximately 52% of Group net sales. The division
will be headed by Pavel Hajman, who joined the Group on June 1.
· Gardena, which is a retail centric brand with strong “must have” recognition
in the consumer watering segment. Net sales for the division in 2013 represented
approximately 13% of Group net sales. The division will be headed by Sascha
Menges, currently Head of Manufacturing and Logistics.
· Consumer Brands. This division includes all other Group brands, such as
PoulanPro, McCulloch and Flymo. Net sales for the division in 2013 represented
approximately 25% of Group net sales. The division will be headed by Alan Shaw,
currently Head of Americas.
The divisions will have global profit & loss, cash flow and balance sheet
responsibility. Most operational activities will primarily be organized within
the divisions. To secure synergies and strategic alignment across the Group a
Group Operations division will be established. Group Operations will be headed
by Valentin Dahlhaus, currently VP Demand and Supply Chain Management. To
further secure synergies and strategic alignment, global staff functions such as
Business Development and Technology Office will also be established.
The Construction division, which represents around 10% of Group net sales, will
not be impacted by the organizational changes in the forest and garden
operations. Construction will continue under the leadership of Anders Ströby.
External business area reporting
In the Group’s external financial reporting, the segment reporting will comprise
four divisions; the three forest and garden divisions Husqvarna, Gardena and
Consumer Brands, and the Construction division, as of January 1, 2015.
The new organization results in new cash generating units, which potentially
creates a need for impairment of intangible assets. Any consequences will be
communicated when known.
Group Management composition
Following the introduction of the new organization, Group Management will
Kai Wärn, President and CEO;
Ulf Liljedahl, CFO, Head of Group Staff Finance, IT and Investor Relations;
Pavel Hajman, President of Husqvarna Division (joined the Group June 1 as
Sascha Menges, President of Gardena Division (previously Head of Manufacturing &
Alan Shaw, President of Consumer Brands Division (previously Head of Americas);
Anders Ströby, President of Construction Division;
Per Ericson, Head of Group Staff People & Organization and Communication;
Olle Wallén, Head of Group Staff Legal Affairs;
Pär Åström, Head of Business Development (previously not included in Group
Valentin Dahlhaus, Head of Group Operations (previously VP Demand and Supply
Chain Management and previously not included in Group Management);
Henric Andersson, Head of Technology Office (previously Head of Product
Management & Development);
Frida Norrbom Sams, Head of Strategic Sales Initiatives (previously Head of
Sofia Axelsson, Head of Group Branding and Marketing (previously not included in
Francesco Franzé, Head of Program Office Accelerated Improvement Program
(previously not included in Group Management).
The new organization as of January 1, 2015
Please see organization chart in attachement.
Invitation to conference call at 11:00 CET
A conference call for media, investors and analysts with President and CEO Kai
Wärn will be held at 11:00 CET on June 13. Participants should call +44 (0)20
7162 0077 or +46 (0)8 5052 0110 (Conference ID 945619) ten minutes prior to the
start to connect to the conference.
Further details will be communicated in the Group’s interim report for the
second quarter 2014, which will be published on July 16, as well as at the
Group’s capital market day on September 25.
For additional information, please contact
+46 8 738 90 80 or email@example.com
The above information has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
published at 08:30 on June 13, 2014.
Husqvarna Group is the world’s largest producer of outdoor power products
including robotic lawn mowers, garden tractors, chainsaws and trimmers. The
Group is also the European leader in consumer watering products and one of the
world leaders in cutting equipment and diamond tools for the construction and
stone industries. The Group’s products and solutions are sold via dealers and
retailers to both consumers and professional users in more than 100 countries.
Net sales in 2013 amounted to SEK 30 billion, and the Group had 14,000 employees
on average in more than 40 countries.
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