Andy Hedberg, CFA

Programs Committee

Andy joined Ecolab in 2016 and is responsible for helping to develop and execute the global investor relations program for Ecolab. The primary objectives of the Investor Relations team are to serve as a resource for institutional investors to obtain information that enables them to make informed investment decisions regarding our shares, to improve Wall Street coverage and maintain a premium stock price based on earnings quality, consistency and transparency. From 2013-2016 Andy was an Equity Research Analyst at Citadel Investment Group in Chicago where he was responsible for research coverage of financial institutions (commercial banks and insurance companies) and helped to manage a $1.3 billion market neutral equity fund. While at Citadel, he was charged with generating investment ideas by focusing on identifying idiosyncratic elements of business models where underlying value and market prices were materially different. From 2008-2013 Andy was a Senior Equity Research Associate with RBC Capital Markets in Minneapolis. At RBC, he led a team that wrote research reports on publicly traded commercial banks for intuitional investors. He was recognized by the Financial Times as having the most accurate earnings estimates on Wall Street for U.S. commercial banks. He holds a Bachelor of Arts degree from Gustavus Adolphus College (2008) where he majored in Financial Economics and Business Management. He is also a CFA Charterholder.