By Maria Akerhielm
STOCKHOLM -- Swedish security provider Securitas /zigman2/quotes/203151739/delayed SE:SECU.B -3.26% AB named Alf Göransson chief executive officer, effective no later than March 5.
Mr. Göransson, CEO of Swedish construction company NCC AB, will succeed Thomas Berglund at a time when Securitas is transforming itself into a pure security-services company from a group including alarm systems and cash handling.
Securitas's shares rose on the news, ending Stockholm trading yesterday up 1.6% to 127.5 Swedish kronor ($17.71).
The stock fell 12% on Aug. 10, when, while reporting lower-than-expected second-quarter earnings, Securitas said Mr. Berglund would resign as CEO. It also said it had failed to get a high enough sale price for the company's cash-handling unit, Loomis.
In hiring Mr. Göransson, who is 48 years old, Securitas Chairman Melker Schoerling said, "We found the best solution for a large company with 200,000 employees and a yearly turnover of 50 billion kronor."
Declining to comment on the challenges facing Securitas, Mr. Göransson said he can "contribute with a strong leadership and long experience from services and knowledge companies."
-- Malin Rising contributed to this article.
Write to Maria Akerhielm at email@example.com