New CEO for Stena Line

Gunnar Blomdahl took over as Stena Line’s CEO in 2003. During the years with Gunnar as CEO, Stena Line has developed into one of the world’s largest ferry companies, including the best years historically in terms of profit. The company has invested around SEK 11 billions in new tonnage and geographic expansion, e.g. through the acquisition of Scandline’s five Baltic routes a few months ago.

“I have been the Chief Executive Officer for 10 years and it is time for a new CEO to take over and continue the development of Stena Line,” Gunnar Blomdahl says. “I will now continue in the Stena Sphere, including positions on the boards of the Ballingslöv Group, Stena Recycling and Stena Technoworld.”

Commenting on the change in CEO, Stena AB’s Chief Executive Officer, Dan Sten Olsson, said:

“I am very pleased with Stena Line’s development under Gunnar’s leadership and over the past year, the company improved its result by MSEK 275. Apart from this, Gunnar has led the work with continuous improvements, development and expansion in an extraordinary way and he leaves Stena Line, despite a certain loss in 2012, in a very good condition.”

Carl-Johan Hagman (46) will takeover as CEO with effect from 1 January. Since autumn 2011, he has been responsible for the Stena Group’s shipping operations, which include Stena Line. Carl-Johan will continue to hold this position in the Stena Group in future.

“Stena Line is one of the linchpins in Stena AB. The company’s strategy remains in place and our continuous efforts to offer comfortable, cost-effective and environmentally efficient ferry transport, to both private travellers and industry, will continue. I would like to congratulate Gunnar on successfully leading the company through a sometimes volatile period and thank him for handing over a very well managed company,” Carl-Johan Hagman says.

As a consequence of this change, Carl-Johan Hagman will relinquish the role as Chairman for Stena Line and Dan Sten Olsson will once again take on this role.

via New CEO for Stena Line.

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This entry was posted on 29 November, 2012 at 10:46 and is filed under All News Stories, Shipping & Markets. You can follow any responses to this entry through the RSS 2.0 feed.