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
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.
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
For questions relating to the above, please contact:
Kjell Nilsson, Chairman of the Board
Mobile:+46 (0)70 26 00121
For other questions, please contact:
Carl-Gustav Nilsson, Acting President and CEO
Mobile:+46 (0)70 67 85011
Per Nilsson, CFO
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
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
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Source: Lindab International AB via Thomson Reuters ONE