New NCAB CEO Peter Kruk to Assume Role
October 1, 2020 | NCAB GroupEstimated reading time: 2 minutes
The Board of NCAB Group has appointed Peter Kruk as new CEO. Peter Kruk has a long experience as a leader in global industrial companies. He will be succeeding Hans Ståhl who announced in November 2019 that he planned to retire in 2020. Peter Kruk will assume his new role at the latest in the beginning of October 2020.
Hans Ståhl will remain as a Board member and will continue to be a large owner in NCAB. Peter Kruk is currently the President of the EMEA region in Dometic, where he is also part of the Group Management. Before that he served for nine years in different leading positions at Stoneridge Inc, an American supplier to the transport industry where he was also part of Group Management.
“After Hans Ståhl announced last year that he wished to retire in 2020 we have conducted a structured recruitment process. We have been looking for a leader with extensive international experience, preferably with background in sales and marketing in the industrial sector. We searched for a candidate who could continue to lead and develop NCAB according to the strategy and the business model that has been so successful for us. Peter Kruk has the background and experience that we looked for, and also the personality and the values that are so important for NCAB; Quality first, strong relationships and full responsibility. I look forward to Peter joining us,” says Christian Salamon, Chairman of the Board of NCAB.
He continued, “Hans Ståhl will continue to play an important part in the future of NCAB as Board Member and large owner. Since he started in 2003, Hans has been leading NCAB during a long time of fantastic development. NCAB has changed from being a local Nordic trader with sales of 200 MSEK to a global, publicly listed, world leading supplier of PCBs with sales of 2 billion SEK and subsidiaries in 17 countries from China in the east to USA in the west. From the board, the shareholders and all our employees I would like to extend a warm and great thank you to Hans.”
“I am happy to welcome Peter Kruk to NCAB and I feel both confidence and curiosity for his taking up this position. We have met each other in business earlier, and it makes me confident that our approaches are similar. NCAB has an exciting future with ample possibilities but also challenges in the wake of the Corona crises. I will fully remain in my role until Peter starts and then make sure that his introduction and the transition will be smooth. Thereafter I will leave the operating responsibilities but remain an engaged Board member and owner. I am very grateful for the years at NCAB. There is a fantastic team of people in all countries and in the board,” said Hans Ståhl, present CEO of NCAB.
“NCAB is a very exciting global company with huge opportunities and I am very grateful for the board’s confidence and trust in me. I am very much looking forward to starting my position and together with the organization continue the excellent development that NCAB has had during Hans’ leadership,” said Peter Kruk.
Suggested Items
WHMA Announces New Board Officers and Members
03/28/2024 | IPCAt the 2024 WHMA Annual Global Leadership Summit on February 15, the WHMA Board of Directors welcomed three new officers and four new members. Board officers serve a three-year term and board members can serve two, three-year terms.
Green Circuits Unveils Innovative Stacked Capacitors Assembly Process
03/21/2024 | Green CircuitsGreen Circuits, a full-service Electronics Manufacturing Services (EMS) partner to leading OEMs, today announced a groundbreaking advancement in process engineering with the successful implementation of an innovative assembly technique for stacked capacitors.
Manu Skyttä, New President and CEO of Aspocomp Group Plc, Will Assume Duties on May 20, 2024
03/19/2024 | Globe NewswireManu Skyttä succeeds Mikko Montonen, who, as previously announced, has agreed with the Board of Directors to step down from the role of President and CEO of the company. Mr. Montonen has committed to staying on as the company's President and CEO until May 20, 2024.
Management Change at Mycronic
03/19/2024 | MycronicAs a result of the preparations ahead of a possible listing of Axxon on a stock exchange in China, effective March 19, 2024, Ivan Li leaves Mycronic’s executive management but remains as Head of Axxon, the core of Mycronic´s High Volume division.
Intel Appoints Stacy Smith to Board of Directors
03/14/2024 | BUSINESS WIREIntel Corporation announced that Stacy Smith, executive chairman of Kioxia Corporation, formerly Toshiba Memory Corporation, and chair of Autodesk Inc., was appointed to Intel’s board of directors, effective immediately. Smith will serve as an independent director and join the board’s Audit & Finance Committee.