Qioptiq, a designer and manufacturer of photonic products and solutions, has appointed Fredrik Arp as chairman and CEO.
'Qioptiq is an impressive and well-positioned company in an industry that I believe is set to enjoy notable growth in the next decade,' said Arp. 'Though I have just begun my work here, I can already see that Qioptiq has the people, the manufacturing abilities and the overall know-how and experience to be a global frontrunner and cutting-edge innovator in this industry. I look forward to leading Qioptiq into the future.'
Arp has held senior executive positions in large global companies for the last 20 years, most recently as CEO and president of the Volvo Car Corporation (2005-2008).
Qioptiq's sales increased over those of 2008 by two per cent at constant exchange rates. Sales were close to $400m. Order intakes were significantly above that level and the book-to-bill ratio for 2010 is close to 1.2. Qioptiq is also undergoing rebranding with a new logo and style. Linos (acquired by Qioptiq in 2007) and Point Source (acquired by Qioptiq in 2008), which are currently operating under their own names and logos, will also be changing their names and logos to come together under the new Qioptiq brand.