Foxway Expands Leadership with New Executive Appointments
Company - People | Jun 18, 2025 | Aim Group
Foxway, a Swedish circular IT company, has announced two key executive appointments aimed at bolstering its European operations. Carl-Fredrik Lidman has been appointed president of the Circular Workspace Solutions unit, previously held by Steinar Aune who has now become president of Recommerce Computer and Enterprise. These changes align with the company’s ongoing leadership restructuring following Nordic Capital's acquisition of a majority stake in Foxway two years ago. The company, led by CEO Patrick Hijer, is pursuing a refined strategy focused on setting new circularity standards and helping customers make sustainable choices. Foxway offers trade-in and refurbishment services to mobile network operators and retailers, aiming to be the foremost circular technology provider. In its last reported fiscal year, Foxway achieved revenue of 7.8 billion SEK ($825 million) with an operating profit of 61 million SEK.
Sectors
- Technology
- Private Equity
- Telecommunications
Geography
- Sweden – Foxway is based in Sweden, and many of the company's operations and leadership appointments take place there.
- Europe – The article refers to Foxway's ambition to grow its business across Europe, indicating a regional focus.
Industry
- Technology – The article discusses Foxway, a company that specializes in circular IT solutions, indicating its operations and strategy within the tech industry.
- Private Equity – Nordic Capital's ownership stake and its role in the company's strategic decisions highlight the relevance to the private equity sector.
- Telecommunications – Foxway's services include trade-in and refurbishment solutions for mobile network operators, positioning it within the telecommunications industry.
Financials
- 7.8 billion SEK – Foxway's reported revenue for the last fiscal year.
- 61 million SEK – Foxway's operating profit for the last fiscal year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Foxway | Target Company | Company | Swedish circular IT company aiming to expand its European business with new executive leadership. |
| Carl-Fredrik Lidman | President of Circular Workspace Solutions | Person | Appointed to lead Foxway’s Circular Workspace Solutions unit. |
| Steinar Aune | President of Recommerce Computer and Enterprise | Person | Assigned to lead the Recommerce Computer and Enterprise unit at Foxway. |
| Patrick Hijer | CEO | Person | Current President and CEO of Foxway, leading the strategic direction of the company. |
| Nordic Capital | Private Equity Firm | Company | Acquired a majority stake in Foxway two years ago. |