Niclas Sjöswärd, currently CFO of Arjo, has been appointed interim President & CEO. The process of recruiting a new CEO will be initiated immediately.

“The Board of Directors would like to thank Joacim for the period of close to eight years that we have had the opportunity to work together. Arjo has since its spinoff developed into a company with a solid foundation under Joacim’s leadership. However, work remains to further develop the company to its full potential and the Board of Directors believe that now is a good time for a new CEO to step in and lead Arjo going forward,” the company states.