PA Resources AB has appointed Tomas Hedström as its new Chief Financial Officer
(CFO). Tomas Hedström has broad international experience in accounting and
finance from listed companies and will be a member of PA Resources' Group
Management.
Tomas Hedström joins PA Resources from his position most recently as CFO of
Rottneros AB. Prior to that, he served in several positions at SCA, with sales
of more than SEK 100 billion and 50,000 employees, most recently as Senior Vice
President Finance. Tomas has a long record of international experience both in
accounting and finance as well as from operational positions in the UK, Belgium
and the USA. He will assume his duties as CFO by 1 August 2013 at the latest.
"I look forward to working with Tomas," comments Bo Askvik, President and CEO of
PA Resources. "His broad international experience in financial reporting,
control, finance, capital rationalisation and mergers & acquisitions, combined
with operational responsibility, make him a valuable addition to PA Resources'
continued development. I am very pleased to welcome Tomas to PA Resources in
connection with the Company's now completed recapitalisation."
Stockholm, 6 February 2013
PA Resources AB (publ)
For queries, please contact:
Bo Askvik, President and CEO, PA Resources
+46 8 545 211 50
PA Resources AB (publ) is an international oil and gas group which conducts
exploration, development and production of oil and gas assets. The Group
operates in Tunisia, the Republic of Congo (Brazzaville), Equatorial Guinea, the
United Kingdom, Denmark, Greenland, the Netherlands and Germany. PA Resources is
producing oil in West Africa and North Africa. The parent company is located in
Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,184 million in
2012. The company is listed on NASDAQ OMX in Stockholm, Sweden. For additional
information, please visit www.paresources.se.
The above information has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
published at 08.20 CET am on 6 February 2013.