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Thursday, 7 December 2017

Scandinavian Tobacco Group A/S: Changes to the Board of Directors and Executive Management

Scandinavian Tobacco Group A/S    

Published: 17:43 CET 07-12-2017 /GlobeNewswire /Source: Scandinavian Tobacco Group A/S / : STG /ISIN: DK0060696300

Scandinavian Tobacco Group A/S: Changes to the Board of Directors and Executive Management

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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Scandinavian Tobacco Group A/S, Sydmarken 42, Søborg DK-2860, Denmark
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