Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Micronic Mydata Jumps as Lena Olving Named CEO: Stockholm Mover

March 20 (Bloomberg) -- Micronic Mydata AB, a Swedish computer technology company, rose to a seven-month high in Stockholm trading after naming Lena Olving as its new chief executive officer.

The shares climbed as much as 6.7 percent to 14.40 kronor, its highest level since Aug. 14. Micronic rose 6.3 percent at 10:25 a.m. in the Swedish capital, with volume almost double the average daily trading over three months. The stock has jumped 40 percent this year, valuing the company at 1.4 billion kronor ($218 million).

Micronic sought a new chief since October after announcing Peter Uddfors was leaving the company. Lars Josefsson has been acting CEO since November. The Taeby, Sweden-based company said Olving will take up the job at latest during the third quarter. She is currently the deputy chief executive officer at Swedish weapons maker Saab AB.

“Lena’s background from some of the leading Swedish export companies brings key skills to Micronic Mydata,” Chairman Patrik Tigerschioeld said in a statement. “Her experience of having worked in Asia is significant for us as it is our single most important market.”

To contact the reporter on this story: Adam Ewing in Stockholm at aewing5@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.