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Co-founder and former CEO Henrik Ljungcrantz was fired today with immediate effect and no other severance pay. An ongoing accounting survey indicates that Ljungcrantz has violated the expense reimbursement rules for several years.
"An ongoing PWC report, commissioned by the bureau, indicates that Henrik Ljungcrantz has violated the multi-year expenditure reimbursement rules and will provide the final investigation report, scheduled for September 2018, to the Ecobrotts Authority, and will convene an extraordinary general meeting to replace the company's auditor, "the company writes in a press release.
Review Report for the Period January 2016 to June 2018 PWC conducts on behalf of the Impact Coatings Board, has tentatively demonstrated that a significant portion of Henrik's travel expenses and personal expenses Ljungcrantz are not operational and / or do not have the necessary supporting documents.
found a similar incorrect management of expenditures in 2012-2015. Periods prior to 2012 have not been taken into account. Henrik Ljungcrantz was CEO of Impact Coatings for the period 2002-2014, and again in May 2017-May 2018.
"Pending further investigation and on the basis of preliminary data, it is reasonable to Expect in the order of 1-3 million crowns In the event of incorrect cost reimbursements confirmed for the period 2012-2018, plus about 1 million Swedish kroner in investigation costs, which the company has to pay. intention to recover overall, "it is read in the press release.
met today Henrik Ljungcrantz, decided to return it with immediate effect.It will not receive any other severance pay , as stated in the company's press release dated May 27, 2018.
The Commission will forward to the Ecobrotts Authority the final report of the investigation, including the supporting documents.
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