STOCK EXCHANGE ANNOUNCEMENT
31 March 2008
Niels Mikkelsen new CEO of IC Companys A/S
and Chris Bigler appointed member of the Executive Board
Niels Mikkelsen, who comes from a position as Nordic Country Manager
for Esprit de Corp, replaces Henrik Theilbjørn as CEO of IC Companys
A/S. Chris Bigler has been appointed member of the Executive Board.
As part of IC Companys A/S' continuing ambition to expand and develop
its own distribution channels, the Board of Directors has taken on
Niels Mikkelsen, 43, as CEO. Niels Mikkelsen joins the company not
later than 1 August 2008, at the same time as the previous CEO,
Henrik Theilbjørn, resigns from his position.
In this connection CFO Chris Bigler, 38, has been appointed member of
the Executive Board.
Hereafter, the Executive Board of IC Companys A/S consists of:
Niels Mikkelsen, Chief Executive Officer (CEO)
Mikkel Vendelin Olesen, Chief Operating Officer (COO)
Chris Bigler, Chief Financial Officer (CFO)
CEO Henrik Theilbjørn, who has been in charge of an extensive
turnaround since 2004, supports the Board's decision to strengthen
the management with a sales and marketing oriented chief executive
officer. He says:"I am pleased to see the progress and growth created and that
earnings have reached a satisfactory level. I agree that after the
very significant internal and external tightening we have implemented
during the last three years, it is the right thing to do for IC
Companys A/S to get a man on board, who has documented experience in
working with several distribution platforms and not least in
streamlining the platforms".
IC Companys A/S' new CEO, Niels Mikkelsen, says:"I look forward to continuing the positive work that has been carried
out since 2004. In IC Companys A/S, a particularly interesting
platform has been created in order to support future development and
growth."
Chairman of the Board, Niels Martinsen, says:"In the Board of Directors, we are pleased to welcome Niels Mikkelsen
to IC Companys A/S. We expect that he will bring the needed
experience and leadership to the company that the continuous
implementation of our strategy requires - not least in regard to the
significant task of expanding our distribution platforms and hereby
ensure the future growth and effectiveness in IC Companys.
At the same time, we would like to thank Henrik Theilbjørn for the
satisfactory turnaround effort, he has made for the company".
About Niels Mikkelsen
Niels Mikkelsen (born 1964) comes from a position at Esprit de Corp,
Denmark, that last year experienced growth of 27 per cent reaching a
turnover of DKK 18 billion and an EBIT margin of 21 per cent.
Since 1998, Niels Mikkelsen has been responsible for the Nordic and
Baltic countries, where he has generated a significant growth in
turnover as well as in earnings.
From 1996 to 1998, Niels Mikkelsen worked for InWear Group (today IC
Companys A/S), most recently as Country Manager for Denmark.
About Chris Bigler
Chris Bigler (born 1970) is a state authorised public accountant and
has been employed with IC Companys A/S since 2002.
Chris Bigler has been CFO since 2004 and has today the responsibility
for finance, administration, Risk Management, Treasury, Shared
Service, Investor Relations as well as IT.
For further information about this announcement, please contact the
undersigned at +45 40 14 66 22.
IC Companys A/S
Niels Martinsen
Chairman of the Board of Directors
This announcement is a translation from the Danish language. In the
event of any discrepancy between the Danish and English versions. the
Danish version shall prevail.
IC Companys A/S - Raffinaderivej 10 - DK 2300 Copenhagen S - tel. +45
3266 7788 - fax +45 3266 7703 - CVR no. 62 81 64 14 ho@iccompanys.com
- www.iccompanys.com
