Indutrade's board of directors has extended chief executive officer (CEO) Johnny Alvarsson's contract by two years, until the Swedish company's Annual General Meeting in 2017.

Alvarsson has served as president and CEO of Indutrade since 2004.

Under Alvarsson, Indutrade has seen an average net sales growth of 12% per year growth and a 17% per year increase in EBITA.