AarhusKarlshamn: AAK Management Change, Appointment of new President for AAK USA

  AarhusKarlshamn: AAK Management Change, Appointment of new President for AAK

Business Wire

KARLSHAMN, Sweden -- March 14, 2013

Regulatory News:

Terrence “Terry” Thomas is appointed as President of AarhusKarlshamn USA Inc.
(STO:AAK) and as member of the AAK Group Management as of March 25, 2013.

Terry Thomas, 51, is a US national with extensive experience in another food
ingredients company, Ingredion Incorporated and a predecessor, National
Starch, from 1984 to present. His position as Vice President North America
Strategy and General Manager, Ingredient Solutions succeeded a career of
positions of increasing importance. He was previously National Starch’s Vice
President, General Manager North America, and prior to that, Vice President
and General Manager for Europe, the Middle East and Africa, and Vice President
and General Manager for Latin America and South Africa where he had
responsibility for overall operations and strategy throughout those respective
regions. He holds a BSc. from Clarkson University and an MBA from DeVry
University’s Keller Graduate School of Management.

“Terry comes with significant general and senior management, commercial and
operational experience in the US and internationally within the food and the
food ingredients industries. I believe Terry will be a great addition to the
AAK Group Management team and we expect him to significantly contribute to
taking AAK USA to the next level,” says Arne Frank, CEO. “I see this as an
excellent opportunity to contribute to the future of AAK in the USA and I
strongly believe in the company’s ability to achieve its ambitious
objectives,” says Terry Thomas.

“Hal Grant, the departing Interim President, has been instrumental in
maintaining the positive development we have in the USA and was particularly
valuable in the acquisition and integration of Oasis Foods Company during 2012
as well as through the challenges after Hurricane Sandy. We would like to
thank Hal for all his very valuable contributions and we wish him all the best
in all his future endeavors. We are also very happy to know that Hal will be
available for AAK for various short term international senior advisor
missions” says Arne Frank, CEO.

The information is that which AarhusKarlshamn AB (publ) is obliged to publish
under the provisions of the Stock Exchange and Clearing Operations Act and/or
the Trading in Financial Instruments Act. The information was released to the
media for publication on March 14, 2013 at 08.30 am CET.

This information was brought to you by Cision http://news.cision.com


Arne Frank, President and CEO
Phone: + 46 40 627 83 00
Fredrik Nilsson, Director Group Controlling
and Investor Relations
Phone: + 46 40 627 83 34
Mobile: + 46 708 95 22 21
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