Operational business

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, the Chief Financial Officer, the Sr. VP Human Resources and the Managing Directors for each of the three business entities Beijer Electronics, Korenix and Westermo.

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 for the financial year 2017

For the financial year 2017, the group revised its segment reporting. 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.