OSLO, NORWAY — Kitron announced that chief operating officer Kristoffer Asklöv has resigned and will step down at the end of the year to become CEO of a Swedish manufacturing company outside the firm’s business area.

“Kristoffer has been a valued member of Kitron's corporate management since he joined four years ago. His leadership and contributions have played a significant role in our growth and operational development,” said Peter Nilsson, CEO of Kitron. “We thank him for his dedication and wish him continued success in his new role.”

Following his departure, Asklöv’s responsibilities will be shared between Chief Technology Officer Stian Haugen and Global Head of Sales Hasse Faxe as the company transitions its leadership structure.