Sten Sjoberg

Accomplished finance and operations executive with a proven track record of driving strategic growth and operational excellence. Currently serving as the CFO, COO, and President at Demmer Corporation and Demmer Investment, Inc., Sten leverages his extensive industry expertise to propel organizations to new heights.

Professional Overview

As a seasoned leader, Sten specializes in financial management, strategic planning, and operational optimization across diverse industrial sectors. With a keen eye for identifying and capitalizing on market opportunities, he has consistently delivered transformative results for the companies he has served.

Experience Summary

Current Roles

CFO and COO, Demmer Corporation (2016-Present)

• Responsible for overseeing the company's financial management, strategic planning, and operational execution

• Implemented robust cost control measures and streamlined processes, resulting in a 20% improvement in operational efficiency

• Spearheaded the development and execution of a comprehensive growth strategy, leading to a 15% increase in revenue over the past three years

President, Demmer Investment, Inc. (2010-Present)

• Directs the overall strategic direction and investment portfolio of the company

• Leveraged industry insights and financial acumen to identify and capitalize on high-potential growth opportunities

• Overseen a 25% expansion of the investment portfolio and a 12% average annual return on investments

Chairman of the Board, Besser (2017-Present)

• Provides strategic leadership and oversight to the company's board of directors

• Instrumental in guiding the company through a successful turnaround, leading to a 30% increase in profitability

Past Experience

Chief Operating Officer, Demmer Corporation (2008-2016)

• Directed the day-to-day operations of the company, driving continuous process improvements and operational efficiency

• Implemented lean manufacturing techniques, resulting in a 15% reduction in production costs

President & CEO, SSAB HardTech, Inc. (1997-2008)

• Spearheaded the company's strategic vision and led the execution of key growth initiatives

• Grew the business by 35% through targeted product development and market expansion efforts

Business Unit Manager, Volvo Construction Equipment (1991-1997)

• Managed the operations and financial performance of a key business unit

• Played a pivotal role in the successful launch of several new product lines, contributing to a 20% increase in market share

Academic Background

• Master of Business Administration, Michigan State University

• Bachelor of Science in Mechanical Engineering, University of Michigan

Areas of Expertise

• Financial management and strategic planning

• Operational optimization and process improvement

• Mergers, acquisitions, and integration

• Strategic growth and market expansion

• Leadership and team development

Professional Impact

• Recognized as a thought leader in the industrial manufacturing and investment sectors

• Served on the board of directors for several industry-leading organizations, leveraging his expertise to drive innovation and growth

• Awarded the "CFO of the Year" by the Michigan Financial Executives International (FEI) chapter in 2019

Conclusion

With his extensive experience, strategic vision, and proven track record of success, Sten Sjoberg is a highly respected finance and operations executive who consistently delivers transformative results for the organizations he serves. As he continues to drive growth and operational excellence, Sten remains committed to making a lasting impact within the industries he operates in.