Cooling Post Logo

World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Home | World News | Swegon CEO to step down

Swegon CEO to step down

14th August 2020

SWEDEN: Swegon Group CEO Hannu Saastamoinen is to leave the Swedish HVAC manufacturer this month.

Announcing the change on his Linkedin page, Saastamoinen said he would be leaving the company this month. 

Saastamoinen, a Finnish national, was previously CEO and president of Huurre. He joined Swegon  at the beginning of 2013 following the retirement of Mats Holmqvist.

Paying tribute to colleagues, staff and owners Investment AB Latour, Saastamoinen writes: “My personal journey takes me back to Finland and a role change leaning more towards board work and interim assignments.”

Swegon has not yet announced a successor.

Share this post:   Facebook Whatsapp Telegram Twitter Email

Latest News

14th May 2026

SWEP pledges $30m to boost production

SWEDEN: Brazed plate heat exchanger manufacturer SWEP is to invest $30m over the next two years to more than double the manufacturing capacity for larger-sized products.
13th May 2026

Ammonia chiller exceeds expectations

UK: The installation of Star Refrigeration’s low-charge ammonia Azanefreezer 2.0 at a food distribution hub in Daventry has delivered energy savings far exceeding initial projections.
13th May 2026

Mitsubishi extends backing of women’s rugby

UK: Mitsubishi Electric Europe BV has extended its sponsorship of UK women’s rugby by becoming an official partner of Premiership Women's Rugby (PWR), and the Rugby Players Association (RPA). The…
13th May 2026

Daikin sales up 5.5%

JAPAN: Daikin has reported a sales increase of JPY5,015,036m (US$31,814m) for the year to the end of March, a 5.5% increase on last year.
12th May 2026

Daikin deal to advance data centre cooling

SINGAPORE: Daikin Holdings Singapore is to collaborate with Taiwanese electronics manufacturer Delta Electronics on coolant distribution units for AI and high‑performance computing data centres across the ASEAN/Oceania region.
12th May 2026

ABB develops IE6 high‑efficiency motor

UK: ABB claims to be the world’s first manufacturer to offer an IE6 hyper‑efficiency motor certified to ATEX and IECEx requirements for use in hazardous areas.