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Ovako AB: Phetra Ericsson new EVP HR, Communication & SHE at Ovako

Ovako has announced today that Phetra Ericsson, currently HR Manager
for the Hällefors business unit, has been appointed as the new
Executive Vice President HR, Communication & SHE for the Group. She
takes over from Karin Lagerstedt Woolford, who will leave the Group
at the end of February this year.

Phetra Ericsson has been at Ovako since 2011, and has 16 years of
experience in the field of human resources and leadership from
several different industries, as well as operational experience,
including as acting Site Manager at Ovako in Hällefors since the
summer of 2016.

"I look forward to welcoming Phetra to Group Management, with
responsibility for human resources, communications and
safety-health-environment issues," says Marcus Hedblom, President and
CEO at Ovako. "Phetra's experience of Ovako's business operations and
extensive knowledge of personnel issues will be valuable in the
continued development of our group-wide efforts to strengthen
managers and co-workers at all levels, as well as in efforts to
develop and implement common procedures and systems in the areas of
human resources, communications and safety."

Karin Lagerstedt Woolford leaves Ovako's Group Management, where she
has served since 2014.

"Through her commitment and expertise, Karin has lifted human
resources, communications and safety-health-environment to a new
level at Ovako. Under her leadership, we have enhanced the skills
within this function, established a modern business-adapted structure
for leadership development, laid the foundation for integrated
communication and improved our safety efforts, something we are now
seeing clear results from," says Marcus Hedblom. "I want to thank
Karin for her contributions to Ovako and I wish her all the best for
the future."

- - -

For more information please contact:
Oskar Bosson, Head of Group Communication, 46 (0)8 622 13 16
Nicholas Källsäter, Head of Group Business Control, 46 (0)8 622 13 23

Ovako develops high-tech steel solutions for, and in cooperation with,
its customers in the bearing, transport and manufacturing industries.
Our steel makes our customers' end products more resilient and
extends their useful life, ultimately resulting in smarter, more
energy-efficient and more environmentally-friendly products.

Our production is based on recycled scrap and includes steel in the
form of bar, tube, ring and pre-components. Ovako is represented in
more than 30 countries, and has sales offices in Europe, North
America and Asia. Ovako's sales in 2015 amounted to EUR 834 million,
and the company had 2,905 employees at year-end. For more
information, please visit us at


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