Management change at Lindab - CFO to leave at his own request

After twelve years with Lindab, Nils-Johan Andersson, Chief Financial Officer of Lindab Group, is to leave the company at his own request to take up a position with Saab Automobile. Nils-Johan Andersson will be continuing in his current role for a period of time which will facilitate an orderly transition. A search is being initiated for a new CFO.

David Brodetsky, President and CEO, stated: "We wish to extend our thanks to Nils-Johan for his contribution and service to Lindab over the years and we wish him much success in his future position." 

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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: 

LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418

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 net sales of SEK 6,527 m in 2010, was established in 31 countries and had approximately 4,400 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2010, the Nordic market accounted for 45 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 22 percent, Western Europe for 29 percent and other markets for 4 percent of total sales. 

The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under the ticker symbol LIAB. The principal shareholders are Ratos, Sjätte AP-fonden and Skandia Liv. For more information visit www.lindabgroup.com.