Pursuant to a mutual agreement signed today, Henric Andersson will leave his role as Board Member of Husqvarna AB and CEO of Husqvarna Group, effective immediately.

Henric Andersson, currently on leave of absence for medical treatment, is unlikely to return to active status as Group CEO due to personal reasons, a Jan. 19 press release from Husqvarna stated. The company's board is now formally seeking a successor.

Husqvarna Group announced yesterday that the Group CEO, Henric Andersson, will be taking a temporary leave of absence from the company in order to undergo treatment for a medical condition. Pavel Hajman, the Group's CIO, is appointed acting CEO during Henric Andersson's absence.

Demand for Husqvarna Group’s products is strong across all core markets and product categories. However, with escalating global supply chain challenges resulting in shortages of certain components and longer lead times, the Group expects reduced production for the first quarter.

Husqvara Group reported its 4th quarter and full year 2021 earnings on Feb. 3. Net sales for the quarter increased 23% to SEK 8.2 billion ($901.2 million). Net sales for the year were up 12% to SEK 47.1 billion ($5.2 billion). The organic growth was 15%, changes in exchange rates impacted with –5% and acquisitions with 2%.