Hexpol AB CEO and President Georg Brunstam has died, the Swedish compounding group announced Sept. 1.
"It is with great shock and grief that we have received this sad notification," said Chairman Alf Goeransson in a brief statement. No details were shared about the cause of death.
Brunstam joined Hexpol as CEO and president in 2008 and took over as chairman of the board in 2017, with Mikael Fryklund, formerly of Trelleborg stepping into the CEO role.
In November 2020 — after the departure of Fryklund — Brunstam returned to his former leadership position, as both CEO and president of Hexpol.
Brunstam has been credited for successfully developing Hexpol into “a world-leading player in the market of polymer compounds.”
“Georg has created a strong organization with many highly skilled and qualified managers,” said Goeransson.
Deputy CEO and Chief Financial Officer Peter Rosén is to serve as acting CEO and president while Hexpol's board searches for a new CEO and president.