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Anders Pettersson new CEO for Hilding Anders

2012-02-08 [Press release]

Anders Pettersson, 52, has been appointed CEO and member of the Board at Hilding Anders, Europe’s largest provider of beds and mattresses. Mr Pettersson takes over from Gunnar Johansson who joined in May 2011 as interim CEO. The change will take effect from 8th February, 2012.

“Gunnar Johansson arrived at Hilding Anders nine months ago to develop and begin the implementation of a more value-driven strategy for the company. He has done an excellent job. Now that his assignment is complete, he is handing over to a permanent successor”, commented Fredrik Arp, Chairman of the Board of Directors. Gunnar Johansson will remain on the Board of Directors as non-executive Director.

Anders Pettersson, a Swedish national, is an experienced and proven international business leader with a successful track record in durable consumer and branded goods companies. “I am delighted that Anders Pettersson has agreed to join Hilding Anders”, said Fredrik Arp. “I have known him well for many years. He is a strong and inspiring leader. I am confident that Anders is the right person to lead the business into a new phase of growth and continue the global development of the company.”

Anders Pettersson added: “I am delighted to be returning to a Swedish company and to join Hilding Anders. I believe this is a business with excellent future potential. The company has respected brands, strong market positions and a credible strategic plan in place. Our focus will be to accelerate sales growth and build a more resilient business that responds quickly to changes in our business environment.”

Selected background Anders Pettersson

For eight years between 2002 and 2010, Mr Pettersson was Chief Executive of Thule, the global leader within Sports Utility Transportation, where he developed the business, driving organic sales, profitability and executed a series of international branded acquisitions.

He joined Capital Safety Group in 2010, the world leader in fall protection and height safety equipment, where he transformed the business over his two year tenure, significantly increasing revenues and profitability. Capital Safety was sold in November 2011 by its private equity owner Arle Capital Partners for a 2.7x return. Anders Pettersson decided to leave the business on completion of the sale. He holds also a number of non-executive positions; as non-executive Director of Hempel A/S in Denmark and as Partner at Arle Capital Partners.

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