Lindab International AB : Lindab changes President and CEO

The Lindab Board of Directors has unanimously decided to discharge David Brodetsky from office. The decision will have immediate effect.

The recruitment of a new President and CEO has started and is expected to be completed shortly.

General Councel Carl-Gustav Nilsson will be Acting President and CEO until the new recruitment has been completed.

The Chairman of the Board, Kjell Nilsson, will also take active part in some matters until the new recruitment has been completed, e.g. Investor Relations.

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The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.

 

Contacts:

For questions relating to the above, please contact:
Kjell Nilsson, Chairman of the Board
Email: kjell.nilsson@lindab.com
Mobile:+46 (0)70 26 00121

For other questions, please contact:
Carl-Gustav Nilsson, Acting President and CEO
Email:carlgustav.nilsson@lindab.com   
Mobile:+46 (0)70 67 85011

Per Nilsson, CFO
Email: per.nilsson@lindab.com  
Mobile: +46 70 33 85069

Lindab - A Ventilation and Building Products company:

Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.

The business is carried out within three business areas, Ventilation, Building Components and Building Systems. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.

The Group had sales revenue of SEK 6,878 m in 2011, was established in 31 countries and had approximately 4,300 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2011, the Nordic market accounted for 46 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 23 percent, Western Europe for 28 percent and other markets for 3 percent of total sales.

The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com