Ratos: Anders Hofstedt new CEO of Hafa Bathroom Group
ET | Source:Ratos AB
This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act or demands made in the exchange rule.
Anders Hofstedt has been appointed as the new CEO of Hafa Bathroom Group from 1
April. Anders Hofstedt was most recently with Maersk consulting where he worked
as a senior project leader and manager.
Anders Hofstedt, born 1980, has worked with business development for almost ten
years both as a consultant, at Bain & Company among others, and as a line
manager at Lindab. In autumn 2013 Anders Hofstedt was a consultant to Hafa
Bathroom Group and supported the company's management and board with
implementation of an extensive action programme and the development of a new
strategy. Anders Hofstedt succeeds Ola Andrée who has been CEO of Hafa Bathroom
Group since 2002.
"Hafa Bathroom Group has experienced a couple of tough years due among other
things to weak consumer demand in the Nordic bathroom market. A number of action
programmes have been carried out without achieving progress as fast as we would
have liked. Ola has made a strong contribution to building up Hafa's good market
position but it is now time for a fresh start for Hafa Bathroom Group in order
to gain effects from action taken and to invest in the future. As part of this
process, the board has decided that a change of CEO is required and has
appointed Anders Hofstedt. Anders supported the company's management during the
autumn in several internal projects which means that he will quickly get into
day-to-day operations. Anders also possesses the sound experience of business
development which we believe is required to strengthen Hafa Bathroom Group's
presence in the Nordic bathroom market and to return the company to profitable
growth," says Stig Karlsson, Chairman of the Board of Hafa Bathroom Group.
Hafa Bathroom Group with the Hafa and Westerbergs brands is one of the Nordic
region's leading bathroom interior companies. The group has approximately 90
employees and the head office is in Halmstad, Sweden.
For further information, please contact:
Johan Pålsson, Senior Investment Manager, Ratos, +46 8 700 17 00
Stig Karlsson, Chairman of the Board, Hafa Bathroom Group, +46 706 41 13 45
Anders Hofstedt, CEO Hafa Bathroom Group, +46 76 723 49 60
Emma Rheborg, Head of Corporate Communications, Ratos, +46 8 700 17 20
Financial calendar from Ratos:
Interim Report January-March 2014 8 May 2014
Interim Report January-June 2014 14 August 2014
Interim Report January-September 2014 7 November 2014
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, Aibel, Arcus-Gruppen, Biolin
Scientific, Bisnode, DIAB, Euromaint, GS-Hydro, Hafa Bathroom Group, HENT, HL
Display, Inwido, Jøtul, KVD, Mobile Climate Control, Nebula, Nordic Cinema Group
and SB Seating. Ratos is listed on Nasdaq OMX Stockholm and market
capitalisation amounts to approximately SEK 20 billion.
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