Håkan Jeppsson has been appointed as the new President and CEO of
Ratos's subsidiary Inwido. His current position is President and CEO
of the listed company BE Group. Håkan Jeppsson will succeed
Sven-Gunnar Schough, who will retire.
Håkan Jeppsson, born 1961, has a BSc in Business Administration and
Economics from Lund University. He has previously held leading
positions within Stiga, Scandorama and Papyrus, and has been CEO of
the steel trading and service company BE Group since 2002. Håkan
Jeppsson will take up his position as President and CEO of Inwido in
February 2009.
Inwido's Chairman, Anders C. Karlsson, comments: "Håkan has many
years and international experience of heading growth companies. This
means that, in partnership with other members of Inwido's management,
he will be well placed to continue to develop Inwido."
Inwido develops, manufactures and sells a broad range of windows and
doors to the building trade, construction companies and modular home
manufacturers. Operations are conducted in all the Nordic countries
as well as in the UK, Ireland, Poland and Russia. The company's
brands include Elitfönster, SnickarPer, Tiivi, KPK and Lyssand.
Inwido has enjoyed strong growth since 2004 and carried out almost 30
add-on acquisitions.
The group has approximately 4,250 employees and reported sales of
SEK 5,057m and EBITA of SEK 481m for 2007.
Ratos's holding in Inwido amounts to 95%.
For further information, please contact:
Anders C. Karlsson, Chairman of Inwido, +46 70 524 74 80
Håkan Jeppsson, President and CEO designate of Inwido, +46 705 501
517
Leif Johansson, Investment Director Ratos, +46 8 700 17 00
Financial calendar from Ratos:
Interim Report January - September 2008 7 November 2008
Year-End Report 2008 19 February 2009
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos offers investors a
unique investment opportunity. The equity of Ratos's investments is
approximately SEK 11 billion and a market capitalisation of
approximately SEK 28 billion. Ratos's holdings include AH Industries,
Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint,
GS-Hydro, Haglöfs, HL Display, HÅG/RH/RBM, Hägglunds Drives, Inwido,
Jøtul, Lindab, MCC, Medisize, Superfos and Other holdings.
