Management and Corporate Structure
The Chief Executive Officer is responsible for Beijer Electronics Group’s ongoing administration, which covers all matters that are not reserved for the Board and administered by management. Instructions approved by the Board of Directors formalize the Chief Executive Officer’s authorization to make decisions regarding investments, company acquisitions and divestments and finance matters.
Group management consists of the Chief Executive Officer, two Regional Directors, the Managing Director of Westermo, one Operations Director, the CFO and the HR Director.
Group management meetings are held regularly to discuss the group’s strategic and operational progress and to monitor results of operations. For more information on the members of group management, see the section Senior Executives.
Revised segment reporting
The group has revised its segment reporting effective the financial year 2017. The former IAS business area is reported as the Beijer Electronics business entity. The IDC business area is divided and reported under the Westermo and Korenix business entities.
This new division is apparent in the first section of the Annual Report for 2016. In the formal Annual Accounts, the latter part of this document, the division between IAS and IDC is retained for 2016.