Executive Transition in Husqvarna’s Forest & Garden Division

Husqvarna AB, the Swedish household durables company listed on the Swedish Stock Exchange, has announced a leadership change within its flagship Forest & Garden division. Omar Attar, who has served as the division’s Chief Financial Officer since January 2025, has been appointed interim President of the Forest & Garden division, effective immediately. The appointment is pending the selection of a permanent successor to Glen Instone, who previously held the role.

The decision follows a series of confirmations across multiple Swedish news outlets, including Direkt, Avanza, and Di.se, all reporting that Attar will assume the interim presidency “with immediate effect.” According to the company’s press release, Attar will join the Group Management team while maintaining his existing responsibilities as CFO. His dual role is intended to provide continuity and stability as Husqvarna navigates its ongoing transformation and market expansion strategies.

Implications for the Division

The Forest & Garden division is the largest component of Husqvarna’s business, accounting for a significant portion of the company’s revenue and market presence in outdoor power and garden watering products. Attar’s appointment underscores the group’s focus on maintaining operational momentum during a leadership transition. As an interim president, he is expected to oversee strategic initiatives, product development pipelines, and global supply chain operations, while preserving the division’s growth trajectory.

Market Context

Husqvarna’s market capitalization stands at approximately 30.2 billion SEK, with a price‑to‑earnings ratio of 23.48, reflecting investor confidence in its consumer‑centric portfolio. The company’s three‑division structure—Husqvarna, Gardena, and Construction—positions it well to capitalize on complementary product lines and cross‑segment synergies. The interim leadership change is unlikely to disrupt short‑term financial performance, but it may signal an upcoming strategic review as the group seeks a long‑term president for the division.

Forward‑Looking Perspective

Given Attar’s financial stewardship and familiarity with the division’s operations, his interim stewardship is poised to ensure seamless continuity. The company’s commitment to appointing a permanent president suggests a deliberate search for a leader who can steer the Forest & Garden division through the evolving competitive landscape of outdoor power equipment and garden technologies. Investors and stakeholders should monitor the selection process closely, as the eventual appointment will likely influence the division’s strategic direction and growth prospects.