client login
Username
Remember Me
Forgot Password
Password

The Kelsey Report® Advisory

End of the Guldstrand Era at Eniro
Bobbi Loy-Luster,Charles Laughlin , 12/23/2003

Issue: Swedish Publisher Became a Global Model on His Watch

News: Lars Guldstrand resigned as president and chief executive officer of Eniro AB, following a three-year tenure as CEO in which the Swedish directory company emerged as a world-class directory organization. Eniro has had a challenging couple of years, combining tough economic conditions with some problematic international acquisitions. However, it appears that a clash between the hard-charging, entrepreneurial Guldstrand and his board over management style was at the heart of the decision.

Lars Berg, chairman of Eniros board, suggested that Guldstrands hands-on style was increasingly incompatible with a large public company, and that the board preferred a more aggressive approach to restructuring and an emphasis on shareholder value over growth.

Guldstrands resignation took effect Monday, the same day the change was announced. Berg has stepped in as interim CEO, and Mikael Engqvist, Eniros chief legal officer, has been named president of Eniro AB, in keeping with Swedish securities law preventing a public company chairman from also holding the office of president. A search is underway for a new Eniro CEO, which is expected to take several months.

Copyright � 2005 The Kelsey Group. All Rights Reserved.
This published material is for internal client use only. It may not be duplicated or distributed in any manner not permitted by contract. Any unauthorized distribution could result in termination of the client relationship, fines and other civil or criminal penalties under Federal law. The Kelsey Group disclaims all warranties regarding the accuracy of the information herein and similarly disclaims any liability for direct, indirect or consequential damages that may result from the use or interpretation of this information.

Learn more about:

TKG clients

Summaries of White Papers and Advisories

What TKG clients receive

 

The Kelsey Group, Inc., 600 Executive Drive, Princeton, NJ 08540-1528
Tel: (609) 921-7200 Fax: (609) 921-2112 E-Mail: [email protected]
Copyright© 2006 The Kelsey Group. All Rights Reserved.