GARO has appointed Tobias Byfeldt as its new President and CEO. Tobias most recently held the position of Business Area Director for PIAB Group's Lifting Automation Division, which is part of the Investor-owned Patricia Industries. Tobias will assume the role of President and CEO as soon as possible, but no later than within six months.

Tobias holds a Master of Science in Engineering from Chalmers University of Technology and has previously, during his career, served as CEO of Kollmorgen Automation AB, as well as Vice President at Regal Rexnords Division Autonomous Mobile Solutions and successfully leading teams in several different countries. He has a proven track record of delivering strong results in an international environment, along with a passion for building a winning culture.

"GARO is a strong brand with a product offering characterized by innovation and the highest quality, giving it a unique position to deliver customized solutions in both power supply and E-mobility. I look forward to working together with the organization and developing the business both in Sweden and internationally. At the same time, it will be particularly exciting to be part of the electrification transition that is so important to the world," says Tobias Byfeldt.

"We are very pleased that Tobias Byfeldt will become our new President and CEO and would like to warmly welcome him to GARO. Tobias has a solid background, combined with the right leadership capabilities and determination for the assignment of taking GARO to the next level and creating profitable growth and a winning corporate culture," says Chairman of the Board, Axel Barnekow Widmark.

For more information, please contact:
Axel Barnekow Widmark, Chairman of the Board +46 (0)768 30 70 77

This information is such information that GARO AB is obligated to publish in accordance with the EU Market Abuse Regulation. The information was published by the above-mentioned contact person on December 16, 2025, at 08:30 a.m.

GARO AB (publ) Corp. Reg. No. 556071-7772 is a company that develops, manufactures and markets innovative products and systems for the electrical installations market under its own brand. GARO's customer offering is to provide complete solutions in the product areas of Electrical distribution products, E-mobility, Project business & Temporary Power with a focus on electrical safety, user-friendliness and sustainability. GARO was founded in 1939, has its head office in Gnosjö and is today an international company with operations in several countries. GARO is listed on Nasdaq Stockholm under the ticker name GARO. For more information, see www.garo.se