This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.
Otto Drakenberg has been appointed as the new CEO of Ratos's subsidiary Arcus-Gruppen with effect from 1 April 2011. Otto Drakenberg's most recent position was with Carlsberg as CEO for the Swedish operations.
Otto Drakenberg is 44, has an MSc Econ from Stockholm University and has held leading positions in several international and consumer-based companies, including Procter & Gamble, Goodyear Dunlop, Scandinavian Tobacco Company and Master Foods. Otto Drakenberg's most recent position was with Carlsberg as CEO of the Swedish operations. He has also been a member of the boards of Sveriges Bryggerier and Returpack.
"Otto Drakenberg has broad experience of building international brands and of fast-moving consumer goods, which makes him a highly suitable CEO for Arcus-Gruppen. We on the board are convinced that Otto together with the management group and other employees will further strengthen Arcus-Gruppen's market position both in the Nordic region and internationally," says Kaare Frydenberg, chairman of the board of Arcus-Gruppen.
Otto Drakenberg will take up his position on 1 April 2011 and succeed Jan Tore Føsund who resigned as CEO on 1 September 2010. Kaare Frydenberg has been Executive Chairman since 1 September 2010.
Arcus-Gruppen is Norway's leading producer of spirits and one of the largest suppliers of wine in the Nordic region through Vingruppen, Vinordia and Arcus Wine Brands. The group's best-known brands include Braastad Cognac, Linie Aquavit and Vikingfjord Vodka. Ratos's holding amounts to 83%.
For further information, please contact:
Susanna Campbell, Investment Director Ratos, +46 70 210 87 53
Kaare Frydenberg, Chairman of Arcus-Gruppen, +47 95 89 21 85
Emma Rheborg, Head of Corporate Communications and IR Ratos, +46 8 700 17 20
Otto Drakenberg, CEO designate Arcus-Gruppen, +46 70 864 55 04