Executive Vice President, CFO Michael Blønd has decided to resign from his position as of May 1. The resignation is a mutual understanding between Tivoli and Michael Blønd. Michael Blønd has occupied the position since May 1 2000. In this period Tivoli's financial result has increased considerably. The executive board consists hereafter of CEO Lars Liebst. Recruitment of a new Executive Vice President and CFO has been initiated. Regards, Lars Liebst, CEO Tivoli