Höganäs reports that its president and CEO Fredrik Emilson has left the company.

Magnus Eriksson, Höganäs CFO will assume the role of interim CEO.

“We are thankful for the way Fredrik has expanded Höganäs, led the business through turbulent times and strengthened our position as the world’s leading metal powder company,” said Magnus Hall, chairman of Höganäs. “Together with Fredrik, the board has agreed that following these active years and the conclusion of the coming strategy, now is the ideal timing for a change in leadership. We would like to thank Fredrik for his contribution and wish him all the best in his future endeavors.”

“After more than 13 years with Höganäs and almost six years as CEO during turbulent and challenging conditions, I believe it is time to hand over the reins to new forces with invigorated energy to take Höganäs to the next level,” added Emilson.