News Column

Eltel appoints new Group CFO

July 8, 2014

Eltel Group Corporation has appointed Gert SkÖld as the new Chief Financial Officer. Gert SkÖld has made an extensive career in finance management of well known global companies. Prior to joining Eltel, Gert SkÖld has held a number of key positions in ABB, Alstom, Siemens and Sandvik Group. SkÖld has a MSc degree from the LinkÖping University in Sweden and MBA from Uppsala University.

After graduation in 1989 Gert SkÖld joined ABB where he held CFO positions in ABB Stal, Alstom Power/ABB Alstrom Power in Sweden and its global Industrial Turbines Division. After Siemens acquired Alstom’s Industrial Turbines business in 2003, SkÖld became Director for Business Administration Service Division. In 2004 SkÖld joined Sandvik where he was appointed Vice President Business Development of Sandvik Mining and Construction. In 2009 he became Executive Vice President Finance and CFO of the same organization.

Axel HjÄrne, President and CEO of Eltel Group, comments on the appointment of Gert SkÖld: ” Appointment of the new Group CFO is a very important step for Eltel. Gert SkÖld has a tremendous international experience in industry and finance management positions. He has a track record of contributing to a successful growth and value creation through internal development activities as well as through mergers and acquisitions. His merits in finance management speak for themselves and we are convinced that Gert’s appointment will bring a lot of important competences for Eltel’s future development. Gert has also gained extensive experience in dealing with investors and financial analysts internationally."

Gert SkÖld comments on joining Eltel Group: “I am excited to join Eltel, to be able to contribute in the development of the company and to help ensuring that Eltel’s financial performance continues to be market leading. Eltel has performed very well in the recent years and I see that my previous experience can help the company to continue to develop its performance”.

Gert SkÖld takes over the new position in July. He will be reporting to the Group CEO and President, Axel HjÄrne.

For more information at Eltel Group

Further information: Axel HjÄrne, President and CEO Tel: +46 70 548 8432 Email: axel.hjÄ (

Hannu Tynkkynen, Senior Vice President Tel: +358 40 311 4503 Email:

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Source: Cision

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