Saturday, May 18, 2024

Metal Powder Manufacturer Höganäs Appoints Henrik Ager as its New President and CEO

HOGANAS, Sweden, Sep 8, 2023 – The Board of Directors has appointed Henrik Ager as the new President and CEO of Höganäs, starting October 2, 2023. Henrik Ager is currently CEO of Copperstone Resources AB.

Henrik Ager, New President and CEO of Höganäs.

“We are very pleased to welcome Henrik Ager as the new CEO of Höganäs. Henrik has strong experience leading successful businesses based on involving leadership and a clear strategic agenda. Under the leadership of Henrik, the board looks forward to further executing on our existing strategy to be the preferred supplier of sustainable metal powder, thus continuing to strengthen Höganäs position as the market leader of metal powders for demanding uses in automotive and many other industries,” says Magnus Hall, Chairman of Höganäs.

“I am both proud and excited to lead Höganäs going forward. Höganäs is a global leader in powder metallurgy and surface coating, with an exceptional team and a world-leading portfolio of products and innovations. We now need to continue to leverage these strengths to both lead and support the sustainable transition for customers and society at large, utilizing the capabilities of metal powder technology,” says Henrik Ager, new CEO of Höganäs.

“It is very positive that a new CEO has been recruited, I am happy to welcome Henrik to Höganäs and to team up with him and the leadership team to continue refining and executing on our exciting strategy,” says Magnus Eriksson, Interim CEO and CFO.

Henrik Ager is currently the CEO of Copperstone Resources AB. Prior to this, Henrik spent eight years with Sandvik as the Business Area President of Sandvik Mining and Rock Solutions, Division President of Sandvik Rock tools and Vice President Strategy of Sandvik Mining. Before Sandvik, Henrik was a partner at McKinsey where he spent 16 years. Henrik is a Swedish national and has an MSc in Accounting & Finance from the Stockholm School of Economics.

Until Henrik Ager is in place, Magnus Eriksson continues in his capacity as the interim CEO.

About Höganäs:

Höganäs is the world leader on the market for metal powders with a yearly capacity of 500,000 tons. Höganäs vision is to inspire the industry to make more with less and our ambition is to be the preferred supplier of sustainable metal powders. In close cooperation with customers, Höganäs develops tomorrow’s solutions for automotive components, electrical motors, brazing, surface coating and additive manufacturing. Höganäs operates 17 production centres across the globe and has a workforce of 2,400 employees. The turnover for 2022 was 12,256 MSEK. Höganäs, which was founded in 1797, is owned by Lindéngruppen and Wallenberg owned FAM. For more information, visit www.hoganas.com.

Nitin Patil
Nitin Patil
Editor and Director of Content, DailyCADCAM.com. Nitin completed his Master's in Mass Communication & Journalism and having 13 years of work experience as an editor, content writer with renowned international technical magazines and media companies. He is associated with CAD,CAM industry since 2008.
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