Lars Save will resign as President and CEO of Ratos's subsidiary Bisnode in February 2008. Chairman of the Board Håkan Ramsin will step in as Executive Chairman and acting CEO until a new CEO is appointed.
Bisnode is a leading European supplier of digital business information and services within market, credit and product information. Operations are conducted in five business areas and the company has operations in 19 European countries. Bisnode has approximately 3,000 employees.
- Ratos CEO Arne Karlsson: "Lars Save joined the group back in 1987 and has been of decisive importance for Bisnode's successful development. Under Lars Save's leadership Bisnode's sales have risen from approximately SEK 125m to SEK 4,000m, operating profit has increased from SEK 20m to SEK 528m (2006) and approximately 100 add-on acquisitions have been made. Lars Save has now decided to hand over the baton at a time when Bisnode, with a strong organisation and the new record year of 2007 behind it, is entering a new phase of strategic expansion."
Lars Save will leave his position as CEO 4 February 2008 but will work as a Senior Advisor to the company and its owners. Pending the appointment of a new CEO, the Chairman of the Board Håkan Ramsin will step in as Executive Chairman and acting CEO.
Ratos's holding in Bisnode amounts to 70%.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 8 700 17 63