Budweg Caliper Promotes Mysling to CEO

Source: Budweg Caliper

ODENSE, Denmark – Christer Mysling has been promoted to chief executive officer (CEO) of Budweg Caliper A/S succeeding Thomas E. Larsen who will move to managing the company’s sales and marketing operation, a role in which he has experience.

Mysling moves up from the position of financial director.

“It is important for us to know, that Budweg will continue to develop as the leading company Budweg is today and with Christer Mysling leading the way,” said Larsen. “I have no doubt that the company will be managed steadily. Christer is a very skilled and competent person and I therefore feel very confident placing him behind the wheel.”

“I am honored to be selected as the new CEO and I am grateful for the trust in me,” Mysling said. “I am looking forward to getting more familiar with the production and being able to consult relevant employees directly, when new ideas and initiatives are to be implemented.”

The Danish private equity firm Capidea purchased the majority share of Budweg in 2018, but everyday management remained in the hands of Larsen and his brother Jan Uwe (their father founded the firm in 1978).

Thomas Larsen will continue his membership in the Board of Directors as well as his ownership, and Jan Uwe Larsen will continue in management as well.

About Budweg Caliper

Budweg Caliper remanufactures used brake calipers and develops, produces, remanufacturers and sells brake calipers to the independent aftermarket. The customers are primarily large spare parts distributors as well as suppliers of brake systems. The largest markets are Scandinavia, Germany and the U.K. Budweg has a wide product range offering more than 4,000 calipers. The company is headquartered in Odense, Denmark where significant investments have been made in new production facilities during the latest years. This is where most of the company’s 170 employees are based. The company also has facilities in South Korea and a joint venture in China.