H+H International A/S - NEW CEO of H+H International A/S

Company Announcement No. 234, 2011

Copenhagen, Denmark, 2011-01-31 17:05 CET (GLOBE NEWSWIRE) --  

H+H International A/S
Dampfærgevej 27-29, 5th Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com

New CEO of H+H International

As of 4 April 2011 Michael Troensegaard Andersen will take up the position as CEO of H+H International A/S.

With the choice of Michael Troensegaard Andersen, the Board of Directors wants to add new yet experienced forces to continue the revised strategic direction and the efficiency programme in H+H International A/S initiated by the Board of Directors.

The Chairman of the Board of Directors, Anders C Karlsson, comments:

"I am extremely pleased that we now have the management team in place in H+H International A/S, which in future can focus on the long-term development of the company and the servicing of our customers. Michael Troensegaard Andersen has in his previous work demonstrated the skills the Board of Directors considers necessary to bring further development and better profitability in H+H International A/S. "

Michael Troensegaard Andersen, aged 49, comes to H+H International A / S from a position as Business Unit President in the Trelleborg Group, a global leading supplier of rubber-based solutions to various industries, including the construction industry. In the period 1997-2004, Michael Troensegaard Andersen was employed with ALTO International (today Nilfisk-Advance Group) in various management positions with increasing responsibility in both production and sales and marketing. Michael Troensegaard Andersen has the last 20 years worked in international companies and has extensive experience in management and development of such enterprises.

When Michael Troensegaard Andersen takes on his new role, the current CEO Hans Gormsen will resign as member of the Executive Board. The Executive Board will then consist of Michael Troensegaard Andersen and Niels Eldrup Meidahl who has been CFO since September 2009. Hans Gormsen will remain available to the company during a transition period.

Anders C Karlsson
Chairman of the Board of Directors

For additional information please contact:
Chairman of the Board of Directors Anders C Karlsson. Telephone +46 70 524 74 80

This is a translation of the company’s announcement in Danish. In case of inconsistency between the Danish text and this English translation, the Danish text shall prevail.