Patrik Tolf steps down as CFO of the Vitrolife Group - Helena Wennerström appointed acting CFO

Rhea-AI Summary

Vitrolife AB announces the departure of CFO Patrik Tolf due to personal reasons. Helena Wennerström has been appointed as acting CFO, bringing extensive experience from previous roles as CFO at ViaCon Group AB and EVP & CFO at Bulten AB. Wennerström will assume the position immediately, with Tolf supporting during a transition period. The company has initiated the recruitment process for a permanent CFO.

Positive

• Immediate appointment of experienced acting CFO with strong financial background
• Smooth transition period planned with outgoing CFO's support

Negative

• Unexpected departure of CFO creates temporary leadership uncertainty
• Additional costs and time required for permanent CFO recruitment

GOTHENBURG, Sweden, Dec. 3, 2024 /PRNewswire/ -- Vitrolife AB (publ) announces today that Patrik Tolf will be stepping down as Chief Financial Officer due to personal reasons. Helena Wennerström will assume the role of acting CFO. Helena has extensive experience in finance and business management, including having served as CFO at ViaCon Group AB and EVP & CFO at Bulten AB.

"We are very pleased that Helena Wennerström is taking on the role of acting CFO. She will bring deep competence and a wealth of experience to the Vitrolife Group. I would like to take this opportunity to sincerely thank Patrik for his contributions to the company over the past three years and wish him every success in the future," Bronwyn Brophy O'Connor, CEO of Vitrolife Group.

Helena Wennerström will immediately assume the role of acting CFO and Patrik will be here to support her during a transition period. The recruitment of a permanent CFO is being initiated.

Gothenburg, December 3, 2024
VITROLIFE AB (publ)
Bronwyn Brophy O'Connor, CEO

The information was submitted for publication, through the agency of the contact persons set out above, at 03-12-2024 10:30 CET.

Contact: 
Bronwyn Brophy O'Connor, CEO, bbrophy@vitrolife.com 
Amelie Wilson, Investor Relations, awilson@vitrolife.com 

This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/vitrolife-ab--publ-/r/patrik-tolf-steps-down-as-cfo-of-the-vitrolife-group---helena-wennerstrom-appointed-acting-cfo,c4074981

The following files are available for download:

https://mb.cision.com/Main/1031/4074981/3147749.pdf

Patrik Tolf steps down as CFO of the Vitrolife Group - Helena Wennerström appointed acting CFO

 

View original content:https://www.prnewswire.com/news-releases/patrik-tolf-steps-down-as-cfo-of-the-vitrolife-group---helena-wennerstrom-appointed-acting-cfo-302320745.html

SOURCE Vitrolife AB (publ)

FAQ

Why did Patrik Tolf leave his position as CFO at Vitrolife (VTRLY)?

According to the press release, Patrik Tolf stepped down as CFO of Vitrolife due to personal reasons.

Who is the new acting CFO of Vitrolife (VTRLY)?

Helena Wennerström has been appointed as acting CFO of Vitrolife, bringing experience from previous CFO roles at ViaCon Group AB and Bulten AB.

When did Helena Wennerström start as acting CFO at Vitrolife (VTRLY)?

Helena Wennerström assumed the role of acting CFO immediately as of December 3, 2024.

Is Vitrolife (VTRLY) searching for a permanent CFO?

Yes, Vitrolife has initiated the recruitment process for a permanent CFO position.