Kongsberg Automotive appoints Linda Nyquist-Evenrud as interim CEO

OSLO, NORWAY: The Board of Directors of Kongsberg Automotive ASA (KA) has appointed Linda Nyquist-Evenrud as interim President & Chief Executive Officer (CEO) effective July 25, 2023.

Linda comes from the position as Executive Vice President of KA’s Flow Control Systems (FCS) business unit and is part of the Executive Management. She brings more than 19 years of experience in the automotive industry, starting at KA as Sales Manager for Raufoss Couplings in 2008, advancing to Senior Vice President of the Couplings business unit in January 2017. In September 2022, Linda was appointed the Executive Vice President FCS.

“I am very pleased to announce Linda Nyquist-Evenrud as the new interim CEO of KA. Linda has extensive experience from her 15 years of service at KA. She is an automotive industry insider who has consistently delivered impressive results for the company, including the successful merger of two of our most promising business units. In addition, Linda is a recognized team builder with a great standing among our customers and employees. The Board of Directors deems these qualities instrumental in leading the company forward in connection with its ongoing strategic review”, says Firas Abi-Nassif, Chair of the Board of Directors of KA.

Linda succeeds Joerg Buchheim who was appointed President & CEO of KA in January 2021.

“I appreciate the trust given to me by the Board of Directors, and I am pleased to accept the opportunity of serving KA in a new role as the interim President & CEO. Going forward, our main priorities will be to complete the ongoing strategic review combined with increasing profitability to position our company for future shareholder value creation. KA has a strong and promising product portfolio, a unique customer base and a team of over 5,500 highly experienced and competent colleagues ready to work hard for all our stakeholders,” says Linda.

KA is a global supplier of systems and components to the automotive industry. The company operates in three segments: Interior, Powertrain & Chassis and Specialty Products. KA has 31 production facilities worldwide and employs approximately 5,500 people. The company’s headquarters are located in Kongsberg, Norway.