Management changes in Contex
(Thomson Reuters ONE) - Following a mutual agreement between the company and Svenn Poulsen,Svenn Poulsen has resigned his position as CEO of Ratos's Danishsubsidiary Contex Group A/S. Chairman of the Board Arne Frank willtake on the role of Executive Chairman and Kenneth Aaby Sachse hasbeen appointed Acting CEO.Svenn Poulsen will leave his position as President and CEO. Pendingthe appointment of a new CEO, the present CFO Kenneth Aaby Sachse hasbeen appointed as Acting CEO of Contex A/S. Kenneth Aaby Sachse hasbeen working within Contex since 2008. Chairman of the Board ArneFrank will take on the role of Executive Chairman.In 2007 Ratos acquired the Danish Contex Group, a world-leadingdeveloper and manufacturer of innovative 2D and 3D digital imagingsolutions. The company has three operating areas: Contex A/S is theworld's largest manufacturer of wide-format scanners, Z Corporationmanufactures 3D printers, Vidar Systems Corporation manufacturesproducts for medical imaging. The Group's products are soldthroughout the world. Sales in 2008 amounted to SEK 818m with anoperating profit (EBITA) of SEK 92m. The Group has approximately 350employees.Ratos's holding in Contex amounts to 98%.For further information, please contact:Arne Karlsson, CEO Ratos, +46 8 700 17 00Arne Frank, Executive Chairman Contex, +46 70 445 53 70Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +468 700 17 63Financial calendar from Ratos:Interim Report January - September 2009 5 November 2009Year-end report 2009 18 February 2010Annual General Meeting 2010 15 April 2010Ratos is a listed private equity company. The business concept is tomaximise shareholder value over time by investing in, developing anddivesting primarily unlisted companies. Ratos offers investors aunique investment opportunity. Ratos's equity is approximately SEK 16billion and has a market capitalisation of approximately SEK 26billion. Ratos's holdings include AH Industries, Anticimex, ArcusGruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, HafaBathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC,Medisize, Scandinavian Business Seating, Superfos and Other holdings.http://hugin.info/1180/R/1343664/321919.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 25.09.2009 - 13:00 Uhr
Sprache: Deutsch
News-ID 6245
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