Axelson will take office on 20 April and succeeds Tor Hansen. Axelson has most recently served as vice president finance and CFO of Scandic Hotels and has been employed as CFO at electronics distributor ELFA and plumbing and building supplies firm Dahl Sverige AB.

His appointment follows that of Jerker Höglund, who took office as the new CEO at Gunnebo on 9 March.