Scandinavian Tobacco Group A/S: Changes to the Board of Directors and Executive Management
December 07 2017 - 11:43AM
COMPANY
ANNOUNCEMENT
No. 32/2017
Copenhagen, December 7, 2017
Changes to the Board of Directors
and
Executive Management
Mr. Conny Karlsson, member of the Board of Directors of
Scandinavian Tobacco Group A/S, has notified the Board that he will
resign from the Board effective today. Reference is made to company
announcement No. 27 of November 9, 2017 informing of the fact that
Swedish Match Treasury Switzerland AG no longer holds shares in the
Company.
The Board will review its composition ahead of the 2018 Annual
General Meeting.
Changes to the number of members of the registered Executive
Management
The Board has decided to reduce
the number of members of the registered Executive Management from
four to two effective January 1, 2018. This will simplify and
streamline the governance structure and interaction between the
Board and the Executive Management.
As a consequence, Christian Hother Sørensen, Executive Vice
President Sales and Marketing, and Vincent Crepy, Executive Vice
President Supply Chain, will as of January 1, 2018 no longer be
members of the registered Executive Management. This will not
impact the day-to-day management of the business. Their roles
remain otherwise unchanged and they remain members of the Executive
Board alongside Niels Frederiksen, CEO, Sisse Fjelsted Rasmussen,
CFO, Craig Reynolds, Executive Vice President Handmade Cigars and
North America and Hanne Berg, CHRO and Senior Vice President.
Going forward, the members of the registered
Executive Management are Niels Frederiksen, CEO and Sisse Fjelsted
Rasmussen, CFO.
For further information, please
contact:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or
torben.sand@st-group.com
Simon Mehl Augustesen, Director of Group Communications, phone: +45
7220 7152
or simon.augustesen@st-group.com
Company Announcement 32
2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Scandinavian Tobacco Group A/S via
Globenewswire
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