Ragnar Holtan appointed acting CEO Rejlers Norway
In conjunction with the publication of Rejlers third-quarter 2024 financial report, Ragnar Holtan has been appointed acting CEO of Rejlers Norway.
Ragnar Holtan, 40, holds a Bachelor's degree in Maritime Electro Automation from the University Sørøst-Norge and joined Rejlers in 2022 through the acquisition of Omega Holtan, where Ragnar served as CEO. Ragnar brings extensive experience in leading a technical consulting company. Since the acquisition, he has successfully developed Division Industry and most recently has also been responsible for Division Energy within Rejlers Norway.
After 27 years with Rejlers, including four years as CEO for Rejlers Norway, Petter Arnesen is stepping down to pursue new challenges outside the company. Petter will remain at Rejlers until the end of the year to ensure a smooth transition. A recruitment process to find a permanent CEO for Rejlers Norway will begin immediately, with both internal and external candidates being considered.
“I am pleased that Ragnar Holtan has accepted the role of acting CEO. I am not satisfied with the profitability development at Rejlers Norway, and Ragnar has been tasked, together with the Norwegian management team, with quickly creating and executing a plan to reverse this trend. Rejlers Norway is fundamentally a strong and competent business, operating across several technical disciplines, with an annual turnover of just over SEK 300 million for the full year of 2023. I see no reason why Rejlers Norway should not achieve the same level of organic growth and profitability as other Rejlers operations,” says Viktor Svensson, President and CEO of Rejlers.
“At the same time, I would like to thank Petter Arnesen for his valuable contribution to Rejlers Norway as CEO during four turbulent years, marked by both the Covid-19 pandemic and a significant downturn in the property market, which is significant for Rejlers Norway. Petter has created great value during his total of 27 years at Rejlers and has always been a highly appreciated colleague,” Viktor Svensson concludes.
For further information, please contact:
Viktor Svensson, President and CEO, +46 70 657 20 26, [email protected]
Malin Sparf Rydberg, Director of Communications, +46 70 477 17 00, [email protected]
This information is information that Rejlers AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13:05 CEST on 24 October 2024.
About Rejlers
Rejlers is one of the leading engineering consultancy firms in the Nordic region. With cutting-edge expertise, we help companies, public authorities and other organisations meet tomorrow's societal challenges. Our services are important building blocks for achieving a sustainable society. Founded in 1942, Rejlers success is built on the ability to constantly embrace new knowledge. Our vision "Home of the learning minds" guides us to continuous learning, development and growth. With operations in Sweden, Finland, Norway and the United Arab Emirates, Rejlers has 3300 experts in technology areas such as energy, industry, infrastructure and real estate. In 2023, the company had a turnover of 4.1 billion SEK and its class B share is listed on Mid Cap, Nasdaq Stockholm. www.rejlers.com