Hakon Invest AB : Changed organization in Hakon Invest Hakon Invest's CFO Göran Blomberg and General Counsel Fredrik Hägglund to leave their respective positions with Hakon Invest and be employed at ICA-handlarnas Förbund (the Association of ICA Retailers) as of May 20, 2013. The Association of ICA Retailers will thus strengthen its organization in conjunction with the acquisition of ICA in order to make clear its role as principal owner of one of the largest listed retail companies in the Nordic region. In conjunction with Hakon Invest's acquisition of the remaining shares in ICA, the role of the Association of ICA Retailers as a long-term and active principal owner will change. Instead of being an indirect owner in ICA through its holding in Hakon Invest, the Association of ICA Retailers will be a direct owner in the listed retail operations ICA Gruppen with a long-term holding of approximately 51 percent. The Board of the Association of ICA Retailers has therefore decided to strengthen the organization to enable it to exercise its role as a long-term and active owner in the best manner. Hakon Invest's CFO Göran Blomberg and General Counsel Fredrik Hägglund will be employed by the Association of ICA Retailers, Göran Blomberg as CFO and Fredrik Hägglund as General Counsel and Vice President, with effect from May 20, 2013. Peter Berlin, member of the Board of Hakon Invest and Chairman of the Board of the Association of ICA Retailers, comments: "The Association of ICA Retailers' strengthening of its organization with Göran Blomberg and Fredrik Hägglund secures vital skills in finance and law. Their many years of experience as members of ICA's Board have given them an in-depth understanding of the ICA system and the ICA idea. These are valuable credentials for us in our future role as principal owner of ICA Gruppen." In conjunction with Hakon Invest's Annual General Meeting in May, it is intended to change Hakon Invest's name to ICA Gruppen. The intended new CEO of ICA Gruppen is ICA's CEO Per Strömberg. Hakon Invest's present CEO Claes-Göran Sylvén will remain as CEO of the Association of ICA Retailers, a position he has held since 2003. Per Strömberg is expected to take up the position of CEO of ICA Gruppen in May 2013 and the rest of the organization in the new ICA Gruppen will be announced in good time prior to this. For further information, please contact: Hakon Invest Board member Chairman ICA-handlarnas Förbund Peter Berlin tel. + 46708 26 36 05 CEO Claes-Göran Sylvén tel. +46 8 55 33 99 64 Head of Investor Relations Pernilla Grennfelt tel. +46 8 55 33 99 55 The information herein is such that Hakon Invest AB must disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 08.00 CET on Friday, March 15, 2013. Hakon Invest, which is listed on Nasdaq OMX Stockholm, conducts active and long-term investment operations in retail-oriented companies in the Nordic and Baltic region. Hakon Invest owns 40% of ICA AB, the Nordic region's leading retail company with a focus on food. The portfolio also includes shares in Forma Publishing Group, Kjell & Company, Cervera, inkClub and Hemtex. Further information about Hakon Invest is available at www.hakoninvest.se Press release (pdf) ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Hakon Invest AB via Thomson Reuters ONE HUG#1685385
Hakon Invest AB : Changed organization in Hakon Invest
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