Announcement from Össur hf. No:11/2013
Reykjavik, 27 March 2013
New Corporate Finance leadership
Hjörleifur Pálsson, CFO, has decided to leave Össur after leading the Corporate
Finance division for 12 years. Sveinn Sölvason has been appointed CFO and will
become a member of the Össur Executive Management. These management changes will
become effective as of 30(th) of April.
Sveinn joined Össur in 2009 as director of Treasury, Corporate Development and
Investor Relations. Sveinn holds a Master's Degree in Finance and Accounting
(Cand.Merc.FIR) from Copenhagen Business School. Prior to joining Össur Sveinn
worked in business development at Marel and has an extensive experience in the
banking and finance industry with companies including; Kaupthing, Goldman Sachs
Jón Sigurðsson, President & CEO, comments:
"Sveinn brings with him extensive expertise in the field and has been a valuable
member of the management team in Össur for four years. I'm excited to work with
him in his expanded role and having him on the executive Management. For more
than 12 years Hjörleifur has been an instrumental force in growing Össur and
building the company for the future. Hjörleifur's leadership has made great
contributions to the business and helped shape our company culture. On behalf of
all Össur employees I thank him for his years with Össur."
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Össur (NASDAQ OMX: OSSR) is a global leader in non-invasive orthopaedics that
help people live a life without limitations. Its business is focused on
improving people's mobility through the delivery of innovative technologies
within the fields of braces, supports, prosthetic limbs and compression therapy.
A recognized "Technology Pioneer", Össur invests significantly in research and
product development; its award-winning designs ensuring a consistently strong
position in the market. Successful patient and clinical outcomes are further
empowered via Össur's educational programs and business solutions. Headquartered
in Iceland, Össur has major operations in the Americas, Europe and Asia, with
additional distributors worldwide. www.ossur.com
This press release includes "forward-looking statements" which involve risks and
uncertainties that could cause actual results to differ materially from results
expressed or implied by these statements. Össur hf. undertakes no obligation and
does not intend to update these forward-looking statements to reflect events or
circumstances occurring after this press release. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this press release. All forward-looking statements are qualified in
their entirety by this cautionary statement.