Marel

Changes in Executive Team

Marel is introducing changes to its Executive Team and organizational structure effective immediately. The objective is to sharpen the focus on operational efficiency and transformative investments to increase speed and scale, as well as to realize strategic growth targets.

• Linda Jonsdottir is appointed Chief Operating Officer (COO). She will focus on human resources and cross-functional transformational investments aimed at increasing operational efficiency to achieve the mid-term targets, as well as digitizing and automating Marel’s global supply chain.
• Stacey Katz is appointed CFO and will become a member of Marel’s Executive Team.
• Folkert Bolger, Executive Vice President of Global Supply Chain, is leaving Marel.

Arni Oddur Thordarson, CEO:

“Our customers are investing in their infrastructure to increase speed and scale to grab market share in a changing landscape of consumer preferences and market channels. This is mirrored in record orders received in 2021, up 22% between years. Furthermore, Marel enjoys a balanced exposure to world economies through its global reach, innovative product portfolio and diversified business mix with 40% of revenues coming from recurring aftermarket services.

Marel is financially strong and has a good bench of future leaders. To stay at the forefront of the industry and reach our growth targets, we must constantly evaluate our organization and evolve. Chief Strategy Officer & EVP Strategic Business Units, Arni Sigurdsson will continue to lead our ambitious plans for acquisitions and drive our strategic growth, especially in digital solutions and within the retail and food service segments. To drive Marel’s journey on the operational side, Linda Jonsdottir will step into the role of COO to lead cross-functional and transformational investments to automate and digitize our operational platform and Stacey Katz is promoted to the role of CFO. With this change we will be in a better position to divide our forces, speed up decision-making, and become stronger as a team.

Linda is a true and seasoned leader with great experience that she will bring to the table as COO. She has earned the trust and respect of her colleagues running Finance, IT and Human Resources, after joining Marel overseeing investor relations and treasury 13 years ago. This has been clearly a transformational period for Marel, with high growth and step up in value creation and she has my full trust to lead the reshaping of our operational platform, from suppliers to customer delivery.