In order to get approval by Nasdaq Stockholm AB to stand up a new entity, the principals at Arjo had to meet certain requirements... one of them being diversity in the executive leadership ranks. They picked Anne because it checked the diversity box. Lindoff knew (and still knows) she's a weak leader, so he recruited a group of people from his Getinge US business to de facto run the company. I spent 2017, 2018 and most of 2019 in Malmo and they speak about this openly in the main office.
Lindoff is an empty suit. His sales performance in Getinge allowed him to coast for the last decade, but the flat performance of the company is starting to chip away at his reputation. Don't let the webinars and business reviews fool you - Arjo as a stand alone is barely treading water. Revenue is flat. Layoffs are a regular occurence. While the rest of the players in long term care are posting 10% - 15% YOY growth, Arjo has to redefine creative accounting just to fake 4%.
COVID is a blessing for this leadership team - it gives them 12 - 18 months of ready made excuses for poor performance. I am actively interviewing elswhere because it looks like nothing will change soon. I encourage all of you to do the same.