August 11, 2019 / 3:59 PM / 4 months ago

Swedish defence firm Saab's CEO to step down

STOCKHOLM (Reuters) - Swedish defence firm Saab’s (SAABb.ST) Chief Executive and President Hakan Buskhe will step down early next year after almost a decade in charge, the company said in a statement on Sunday.

Buskhe, 55, said he was leaving because he wanted another operational challenge in his career.

“Saab has grown to a new level and is today a strong international defences and security company. We have achieved this through strategic partnerships, global presence and a continuous focus on investments in the product portfolio,” Buskhe said.

Saab, which produces the Gripen fighter jet and which has seen its share price drop 4% this year, said it had initiated a recruitment process.

Reporting By Johan Ahlander; Editing by Keith Weir

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below