Per Bertland to step down as CEO of Beijer Ref during 2021

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Per Bertland has today informed Beijer Ref’ AB:s (publ) Board of Directors that he plans to step down as CEO. The transition will take place when a successor has been found or during the latter part of 2021 at the latest. Per intends to remain active within Beijer Ref by making himself available to join the Board of Directors, if supported by the shareholders. Beijer Ref’s largest shareholder, EQT Private Equity, has expressed its intention to call for a general meeting whereby they will nominate Per as a member of the Board of Directors.

Bernt Ingman, Chairman of the Board of Directors, says: “I would like to thank Per for his outstanding contributions to Beijer Ref. Today, the company is a market-leader with presence in 37 countries and Beijer Ref has enjoyed several years of strong growth in both sales and earnings during Per’s tenure as CEO. The Board and I regret that Per has chosen to step down but we fully respect his decision to retire from his operational position. The search for a successor will now begin”.

Per Bertland comments: “After 21 years with Beijer Ref and eight years as CEO, it is with mixed emotions I am taking this step, as I have much enjoyed being part of the journey to make our company a world-leading distributor with a strong sustainability focus. Beijer Ref has a strong culture and I have truly enjoyed working with all my fantastic colleagues around the world. Today, the company is stronger than ever and I have therefore made the decision that now is the right time to initiate an orderly transition of leadership. If elected by the shareholders, my ambition is to remain active within Beijer Ref as a member of the Board of Directors, as I believe that I can continue to contribute to future growth and success for Beijer Ref through my industry network and experience.”

Malmö, 27 January 2021

Beijer Ref AB (publ)

For more information, please contact:

Bernt Ingman, Chairman

Telephone +46 707 51 57 60

Email bernt.ingman@telia.com

Per Bertland, CEO

Telephone +46 40-35 89 00

Email pbd@beijerref.com

This information is information that Beijer Ref AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 18.30 CET on 27th of January 2021.

BEIJER REF AB is a technology-oriented trading Group which, through added-value products, offers its customers competitive solutions within refrigeration and climate control. Beijer Ref is one of the largest refrigeration wholesalers in the world, and is represented in 37 countries in Europe, Africa, Asia and Oceania.

www.beijerref.com