CDON Group AB, the leading e-commerce group in the Nordic region today announced changes to the management team.
Martin Edblad, Chief Financial Officer at CDON Group AB, and Peter Rosvall, Chief Executive Officer at Nelly.com and Members.com and responsible for the fashion segment, have decided to leave the Group in order to set up an e-commerce consultancy. Both Mr Edblad and Mr Rosvall have agreed to remain in their current positions for up to six months until successors have been appointed and the hand over of their responsibilities has been completed. The Group will immediately initiate the recruitment process to identify their successors.
Paul Fischbein, President and CEO of CDON Group, commented: “I would like to thank Martin and Peter for their contributions to CDON Group. Their knowledge and enthusiasm has helped CDON Group’s development from being an online store to becoming the leading, publicly listed, e-commerce group in the Nordic region. I would like to wish them all the best in their new venture.”
For further information, please visit www.cdongroup.com, or contact:
Investor and analyst enquires:
Paul Fischbein, President and Chief Executive Officer
Phone: +46 (0) 107 032 000
Fredrik Bengtsson, Head of Communications
Phone: +46 (0) 700 807 504
About CDON Group
CDON Group is the leading e-commerce group in the Nordic region. Established in 1999, the Group has continuously expanded its product portfolio and is now a leading e-commerce player in the Entertainment (CDON.COM, BookPlus.fi, Lekmer.com), Fashion (Nelly.com, Heppo.com, Members.com), Sport & Health (Gymgrossisten.com, Bodystore.com) and Home & Garden (Tretti.com and Rum21.se) segments. The group reported revenues of SEK 3.4 billion for the full year 2011. CDON Group is listed on the NASDAQ OMX Stockholm Mid-cap list under short name CDON.
The information in this announcement is that which CDON Group AB is required to disclose under the Securities Markets Act. This information was released for publication at 08:00 CET on 12 March 2012.