Fats and oils supplier AAK AB has named Johan Westman as its new president and ceo, effective June 1.
Westman joins the Swedish company after serving as senior v.p. - Europe and managing director of the BlankLight division of Shiloh Industries, a manufacturer of vehicle chassis and power systems based in Valley City, Ohio.
Westman, 44, has close to 20 years of industrial experience in management consulting as well as in the automotive supplier industry. He served as president and ceo of FinnvedenBulten AB between 2009 and 2014 and president of the Finnveden Metal Structures AB division from 2008 to 2014. Prior to these positions, he spent eight years in management consulting with Arthur D. Little.
"This is a great honor for me and I am very excited to join AAK," Westman says. "Under the leadership of the group management, the company has seen strong sales and profit growth. Together we will continue this growth journey and take AAK to the next level."
Westman holds a master's degree in industrial engineering from Chalmers University of Technology in Gothenburg, Sweden.
"With the recruitment of Johan Westman we will have a ceo with broad industrial and international experience," says Mikael Ekdahl, chairman of AAK’s board of directors. "He has over the last ten years successfully developed companies to drive shareholder value through profitability improvements, organic growth as well as global expansion. I am confident that Johan will continue to develop AAK in the best possible way."
Westman succeeds Arne Frank, who passed away in July after battling cancer.