Cavotec SA
Changes board/management/auditors

Cavotec honours Stefan Widegren with title of Honorary Chairman

The Board of Directors of Cavotec SA has awarded the title of Honorary Chairman
to out-going Chairman of the Board, Stefan Widegren, in recognition of his
defining role in the development of Cavotec into a global engineering group. 

“Ever since co-founding Cavotec in 1974, Stefan has been instrumental to the
growth and indeed character of the Group. With this title, the Board signals
its enormous gratitude for his extraordinary contribution,” says Cavotec
Chairman Patrik Tigerschiöld. 

Widegren became Honorary Chairman on April 12, 2018 when he stepped down as
Chairman and Non-Executive Director in connection with Cavotec’s Annual General
Meeting, where Tigerschiöld was elected Chairman of the Board. 

Since establishing Cavotec with Lars Hellman and Peter Brandel, Widegren has
held a variety of senior management positions including CEO and Chairman of the
Board. He has overseen Cavotec’s transformation from a local equipment supplier
into a key partner that develops innovative solutions for a wide variety of
industrial sectors worldwide. 

“I’d like to warmly thank the Board for this honour, and I wish the Board and
the management every success as the Group continues to grow in the years
ahead,” says Widegren. 

Honorary Chairman is an honorific and ceremonial title. It confers no formal or
legal position within the management of the company or its Board of Directors. 

ENDS

For further details please contact:

Johan Hähnel

Investor Relations Manager

Telephone: +46 70 605 63 34 - Email: investor@cavotec.com



About Cavotec

Cavotec is a leading engineering group that designs and manufactures automated
connection and electrification systems for ports, airports and industrial
applications worldwide. Cavotec innovative technologies ensure safe, efficient
and sustainable operations. To find out more about Cavotec, visit our website
at cavotec.com. 



The information in this release is subject to the disclosure requirements of
Cavotec SA under the Swedish Securities Market Act and/or the Swedish Financial
Instruments Trading Act. This information was publicly communicated on 13 April
2018, 10:30 CEST