Tue, 10 Sep 2019

Saab Appoints Micael Johansson as President and CEO

Saab has appointed Micael Johansson as President and CEO.

Johansson will take up his position on 23 October 2019, replacing Håkan Buskhe who has resigned.

Johansson has been deputy CEO and Senior Executive Vice President of Saab since January 2017.

He started at Saab in 1985 and has held several executive positions within the company, including head of business area Surveillance.

Micael Johansson. Click to enlarge.

“Saab's focus will continue to be to execute the company's communicated strategy and priorities. It is about delivering on the big programmes, developing relationships with both Swedish and international partners, investing in research and development, and reaching Saab’s financial goals,” said Marcus Wallenberg, Chair of the Board. “Micael Johansson has both the technical expertise and a long-standing experience of Saab, of the industry, and of the market. In a situation where Saab has several major ongoing development programmes and important international collaborations, the Board of Directors highly values his expertise and experience. It creates continuity in important relationships with customers and other companies.”

Micael Johansson was born in 1960 and holds a degree in mathematics and computer science from Uppsala University.

“Saab is a large Swedish high-tech company. We were founded to support Sweden’s defence capabilities and that is still the core of our mission. Getting to contribute to this work, together with all our talented workforce, is an important responsibility,” said Saab's incoming President and CEO, Micael Johansson. “As President and CEO, I look forward to continue the process of implementing Saab's strategy, and to improve profitability and cash flow. It is essential to be able to continue investing in rapid technological change, to develop collaborative projects with other companies and to move forward with Saab's internationalisation.”

Håkan Buskhe will continue his employment in accordance with his employment contract until 11 February 2020. From 23 October 2019, Håkan Buskhe will act as an advisor to Saab.

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