Catharina Lagerstam resigns from the Board of ICA Bank

Catharina Lagerstam is resigning all her directorships within the financial sector that are covered by the new rules on directorships and will therefore also resign from the Board of ICA Bank on 30 April.

“ICA Bank is a well-run business and I have extremely high confidence in its management team. The reason I am resigning from the Board is the new rules on personal responsibility for directors which come into force on 1 May and which, in my opinion, are unsuitable for Swedish conditions,” says Catharina Lagerstam.

“We truly regret Catharina’s decision but we are very grateful for her contributions as a member of the Board,” says Per Strömberg, CEO of ICA Gruppen and Chairman of the Board of ICA Bank.

For more information
ICA Gruppen’s press service, telephone: +46 10 422 52 52

ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at time 08.30 on Monday, March 16, 2015.

ICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and, since January 2015, Apotek Hjärtat which conducts pharmacy operations. The Group also includes ICA Norway which is being divested, the wholly owned portfolio company inkClub and the partly owned portfolio companies Cervera and Hemtex. For more information see icagruppen.se

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