Norma Precision AB Names Paul-Erik Toivo as new CEO

Editor — Sun, 28 Apr 2013 13:44:09 +0000

Norma announced that Paul-Erik Toivo will take over as CEO of Norma Precision AB, replacing Torb Lindskog who is retiring after 17 years at Norma’s helm. Toivo is a well-respected executive with decades of international industrial experience. He has held senior positions within Cloetta, and the SAKO- Metso- and latest the Isku concerns. Toivo states that Norma, a division of RUAG, is looking to expand its market in the United States: “We will intensify the efforts to grow in the world, and especially in the US. The cooperation with our sister company within RUAG Ammotec will also be strengthened”

Torb Lindskog retires after leading Norma for 17 years. “I am very grateful for these fantastic years at Norma, together with wonderful colleagues and I now look forward to a somewhat less hectic routine, even though I will be part of the Norma board, and keep my Presidency of AFEMS (Assoc. of European Mfgs. of Sporting Ammunition) until 2015. I wish both Norma and Paul-Erik all the best for the future.”

Norma Precision AB, which is part of the Swiss RUAG concern, has annual revenues of 270 Million Swedish Kroner ($41,068,890 USD). With a workforce of 190 employees, Norma markets cartridge brass, bullets, powders, and loaded ammunition. All production, from raw material to finished product, takes place in Åmotfors of Värmland, Sweden.

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Norma Precision AB Names Paul-Erik Toivo as new CEO