Quantcast

See headlines for STG
View Print Version
More from GlobeNewswire

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

By GlobeNewswire,  December 07, 2017, 11:43:00 AM EDT


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 on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Scandinavian Tobacco Group A/S via Globenewswire



This article appears in: News Headlines

Referenced Stocks: STG


Latest News Video









Today's Market Activity

NASDAQ 6840.08
27.24  ▲  0.40%
DJIA 24329.16
117.68  ▲  0.49%
S&P 500 2651.50
14.52  ▲  0.55%
Data as of Dec 8, 2017