Otto Drakenberg appointed new CEO of Arcus-Gruppen
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
Financial calendar from Ratos:
Year-end report 2010 17 February 2011
Annual General Meeting 2011 5 April 2011
Interim Report January - March 2011 5 May 2011
Interim Report January - June 2011 19 August 2011
Interim Report January - September 2011 9 November 2011
Ratos is a private equity conglomerate. The company's mission is to maximise shareholder value over time through the professional, active and responsible exercise of its ownership role in primarily medium to large unlisted Nordic companies. Ratos's holdings include AH Industries, Anticimex, Arcus-Gruppen, Biolin Scientific, Bisnode, Contex, DIAB, EuroMaint, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Medisize, Mobile Climate Control, SB Seating, Stofa, Superfos and Other holdings. Ratos is listed on NASDAQ OMX Stockholm and market capitalisation amounts to approximately SEK 40 billion.