Sammy Hulpiau appointed President of the Food & Water Division
Alfa Laval (ALFVY) has appointed Sammy Hulpiau as the new President of the Food & Water Division, effective September 1, 2024.
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Rhea-AI Summary
Alfa Laval (ALFVY) has appointed Sammy Hulpiau as the new President of the Food & Water Division, effective September 1, 2024. Hulpiau, currently President of Business Unit High Speed Separators, has been with Alfa Laval for 36 years. He will join Group Management in his new role. The Food & Water Division accounts for 37% of Alfa Laval's order intake and employs over 8,000 of the group's 22,000 employees.
CEO Tom Erixon expressed confidence in Hulpiau's leadership for the division's ongoing transformation. Nish Patel, the current division President, will move to lead several important group initiatives. Alfa Laval, founded 140 years ago, is a global provider of heat transfer, separation, and fluid handling products, with annual sales of SEK 63.6 billion (5.5 BEUR) in 2023.
Positive
- Appointment of experienced internal candidate Sammy Hulpiau as President of Food & Water Division
- Food & Water Division accounts for 37% of Alfa Laval's order intake
- Division has experienced a long period of growth and margin improvements
- Company reported strong annual sales of SEK 63.6 billion (5.5 BEUR) in 2023
Negative
- None.
Details
News Market Reaction – ALFVY
The recorded move for ALFVY in the trading session of this news was -1.76%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
The Food & Water Division accounts for 37 percent of Alfa Laval's order intake. The division works with products and systems for food and water applications across industries including food, pharmaceuticals, biotech, brewing, dairy and water treatment. More than 8,000 of the group's 22,000 employees work in the Food & Water Division.
"Sammy has the strong strategic and operational abilities that are needed in the ongoing transformation of the Food & Water Division, which has experienced a long period of growth and margin improvements. I look forward to the next leg of the transformation journey under Sammy's leadership," says Tom Erixon, CEO and President, Alfa Laval.
"I am deeply honoured by the opportunity to lead the Food & Water Division in such interesting transformational times in the industry and I feel privileged to be working with so many talented colleagues and leaders around the world. I can't wait to take on this challenge," says Sammy Hulpiau.
Nish Patel, the current President of the division, will move to a new role and lead several important group initiatives. The change is effective as of 1 September 2024, and Nish will continue to report to the CEO in his new capacity.
CONTACTS
Johan Lundin
Head of Investor Relations, Alfa Laval
Mobile: +46 730 46 30 90
johan.lundin@alfalaval.com
Anna Droben
Head of External Communications, Alfa Laval
Mobile: +46 730899621
anna.droben@alfalaval.com
This is Alfa Laval
The ability to make the most of what we have is more important than ever. Together with our customers, we're innovating the industries that society depends on and creating lasting positive impact. Alfa Laval is a leading global provider of first-rate products in the areas of heat transfer, separation and fluid handling. We're set on helping billions of people to get the energy, food, and clean water they need. And, at the same time, we're decarbonising the marine fleet that's the backbone of global trade.
We pioneer technologies and solutions that free our customers to unlock the true potential of resources. As our customers' businesses grow stronger, the goal of a truly sustainable world edges closer. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we're pioneering positive impact.
Alfa Laval was founded 140 years ago, has customers in some 100 countries, employs more than 21,300 people, and annual sales in 2023 were
www.alfalaval.com
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The following files are available for download:
https://mb.cision.com/Public/905/4028083/8c74d2b3bf671819.pdf | PR 23 Aug ENG |
https://mb.cision.com/Public/905/4028083/8be21506d0629ea4.pdf | Sammy Hulpiau CV |
Sammy Hulpiau |
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SOURCE Alfa Laval
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