Husqvarna Group’s Executive Management consists of the President & CEO, the Executive Team and Group Management. Clear roles and responsibilities apply for each of the Group functions as well as for the divisions.
In the new organization, a Group governance structure has been implemented to ensure that decisions are made as close to operations as possible. Clear guidance has been provided to identify the level on which different types of decisions should be made. Changes to the governance structure (including applicable roles and responsibilities) can only be made by the decision of the Executive Team.
The President and CEO
The President and CEO is appointed by the Board and is responsible for the ongoing management of the Company in accordance with the Board’s guidelines and instructions. These instructions include responsibility for financial reporting, preparation of information for decisions and ensuring that commitments, agreements and other legal documents do not conflict with Swedish or foreign legislation or ordinances, including applicable competition law. The President and CEO shall also ensure compliance with goals, policies and strategic plans, and also update these when necessary. The President and CEO appoints all members of Group Management.
The Executive Team
The Executive Team has eight members and is comprised of the President and CEO, the four Division Presidents and the three Group Staff function heads. The Executive Team makes decisions on (a) enhancing Group synergies, (b) internal financial and business follow-up, (c) external financial reporting for Board approval, (d) Group governance, (e) Group staffing plans, and (f) issue resolution. Executive Team meetings are chaired by the President and CEO. The Executive Team meets monthly by video and/or telephone and quarterly in person.
Group Management has 13 members and consists of the eight members of the Executive Team plus the heads of each of the five Group Strategic Functions. Group Management is the management team for the Company and makes decisions on matters related to (a) the Group’s strategic and business development, (b) budgets, (c) external affairs, (d) Board reporting, (e) risk management and mitigation as well as (f) Group policies and guidelines. Group Management meetings are chaired by the President and CEO. Group Management meets monthly by video and/or telephone and quarterly in person.
Group Staff Functions
Husqvarna has three “Group Staff Functions” as follows:
1. Finance, Information Technology & Investor Relations. This function is primarily responsible for the Group’s financial reporting as well as for Tax, Internal Audit, Group IT and Investor Relations (IR).
2. Legal Affairs. The Legal Affairs function is responsible for the Group’s Legal Affairs, enterprise risk management, real estate management and sustainability strategy. Legal Affairs also deploys policies and rules for the Group’s legal and ethical compliance and reporting.
3. People & Organization. This function is responsible for the Group’s human resources, including compensation and benefit programs and talent management within the Group.
Group Strategic Functions
Husqvarna has five “Group Strategic Functions” as described below. These five functions, collectively, are responsible for designing the strategic framework under which each part of the value chain operates in order to secure synergies within the Group and to ensure that the four divisions execute their business in line with such a framework.
1. Business Development. This function is responsible for Group strategy, acquisitions and divestments.
2. Communications, Brand & Marketing. This function is responsible for managing the Group’s brand portfolio, brand positioning, brand and customer insight, and business intelligence. It is also responsible for capturing group marketing synergies and establishing the Group’s framework for outbound licensing and pricing strategies. In 2015, this function also assumed responsibility for internal and external Group communications.
3. Technology Office. This function leads the Group’s technology and innovation management. In addition, it develops the product commonality strategy to ensure that the Group can capture product and technology synergies within and between the different divisions.
4. Group Operations. This function is responsible for ensuring that the Group can capture operational synergies across the different divisions such as in purchasing and supply chain management.
5. Program Office – Accelerated Improvement Program and Other Initiatives. This function has been responsible for following up on the Accelerated Improvement Program and other cost-related initiatives.