TRELLEBORG, Sweden (June 10, 2005) — Trelleborg A.B. has named Peter Nilsson, currently president of Trelleborg Engineered Systems, to succeed Fredrik Arp as president and CEO, effective Oct. 1.
Mr. Nilsson, 38, has been with Trelleborg since 1995 and a member of the senior management team for the past two years. Mr. Arp is leaving Trelleborg after seven years at the helm to become president of Volvo Car Corp.; he also will resign from the board, Trelleborg said.
“(Mr. Nilsson's) experience of operations in markets important to Trelleborg, such as Asia, combined with his ability to translate applications know-how and customer needs into growth is precisely what Trelleborg needs,” said Trelleborg Chairman Anders Narvinger.
Trelleborg's trade union organizations have expressed their support for the appointment, a key element in the firm's co-determination negotiations.
Mr. Nilsson started at Trelleborg in sales and business development for the building systems unit in Eastern Europe, Asia and South America. In 1998, he moved to engineered system and quadrupled the size of a business comprising infrastructure activities in three years.
During the past two years, he has been responsible for one of the group's most expansive business areas, constantly improving its profitability.
Mr. Arp leaves Trelleborg after two employment stints. He was executive vice president from the late 1980s to 1995, then was brought back in 1999 to replace Kjell Nilsson, who left Trelleborg after being accused of misusing company funds.