Bulten Group appointed Chief Strategy Officer Mathias Holst interim CFO.

Current CFO Anna Åkerblad has resigned. She has served as CFO of Bulten since 2021.

Her departure comes as Bulten enters a new strategic phase.

In early October, Bulten divested its European automotive fastener facilities to Maelir AB. The transaction includes two sales and service companies in Sweden and Romania and four factories located in Hallstahammar, Sweden; Bergkamen, Germany; and Bielsko-Biała and Radziechowy, Poland.

The divestment reduces Bulten’s annual sales by 38%, cutting 1,000 employees from the payroll.

The transaction follows the Swedish group’s announcement in July to cut capital costs and refocus towards distribution and value-added services.