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CEOWORLD magazine - Latest - Banking and Finance - Renewcell  in search for new CEO to Boost Sales

Banking and Finance

Renewcell  in search for new CEO to Boost Sales

The board of directors at Swedish textile recycling company Renewcell has decided to remove CEO Patrik Lundström due to significantly lower-than-expected sales of the company’s Circulose pulp. They have appointed a new acting CEO to replace him.

Magnus Håkansson, who most recently served as the CEO of electronics retailer MediaMarkt Sweden, will now lead Renewcell. Håkansson began his career as a management consultant at McKinsey and has held various leadership positions in both the retail sector and the pulp industry.

Håkansson will serve as the interim CEO while the board conducts a search for a permanent replacement for Lundström, who has been the CEO since 2019. Recently, the company disclosed that it would fall short of its target to break even by the end of this year.

 

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CEOWORLD magazine - Latest - Banking and Finance - Renewcell  in search for new CEO to Boost Sales

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Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz