Changing of the guard
Micronic Laser Systems AB will conduct a CEO change with the new CEO of Micronic announced as Peter Uddfors who will succeed Sven Löfquist by the latest on February 7, 2010.
Peter Uddfors is currently working at Cardo, where he is responsible for division "Pulp and Paper Solutions." Peter has extensive international experience from leading positions at Lorentzen & Wettre, Aldata Solutions and Cardo AB. Peter holds an MSc in Mechanical Engineering from the Royal Institute of Technology, Stockholm.
After 20 years in the company, including 9 years as CEO for Micronic, Sven Löfquist has decided to leave the company. During Sven´s management Micronic has developed into a leading global supplier in the semiconductor and display industries. Micronic´s photomask products enables cost effective mass production of electronics. I would like to thank Sven for his considerable efforts for Micronic´s development,” says Rune Glavare, Chairman of Micronic Laser Systems AB. Sven will continue to be engaged as Sr. Advisor in Micronic after implementing the CEO change.
In July 2009 Micronic acquired MYDATA automation AB, which develops and manufactures equipment for surface mount types of electronic components for the electronics industry. The purpose of the acquisition is to broaden Micronic product range and to provide the company with experience of volume production series. The two companies will be integrated which will create new opportunities but also challenges for the whole organization.
