New CEO of ICA Norge
New CEO of ICA Norge
Solna, August 13, 2008
Antonio Soares has been appointed the new CEO of ICA Norge. He is currently CEO of Rimi Baltic AB, ICAs subsidiary in the Baltic countries. Antonio Soares succeeds Trond Kongrød, who has decided to resign from his post as CEO of ICA Norge. Trond has led ICA Norge during a major change process during the last year and a half and is now handing over responsibility to Antonio Soares. Trond is remaining with the ICA Group; his new assignment will be announced later this autumn.
The efforts to reverse the negative trend in Norway and improve sales and profitability will now continue under the management of Antonio Soares. "Antonio Soares has great experience from similar change programs in the Baltics as well as Poland and Portugal. In recent months, he has also been active in the steering group that is overseeing the turnaround work in ICA Norge. I am very pleased that Antonio has accepted this challenge," says Kenneth Bengtsson, President and CEO of ICA AB.
As CEO of ICA Norge, Antonio Soares will remain a member of ICAs Group Management and report to ICAs CEO, Kenneth Bengtsson.
At the same time, Edgar Sesemann has been appointed Deputy CEO of Rimi Baltic and Acting CEO. Edgar will remain as CEO of Rimi Estonia until further notice.
For further information, please call: ICAs press telephone +46-70-253 66 60
----------------------------------------------------------------------------------------------------- About ICA The ICA Group (ICA AB) is one of the Nordic regions leading retail companies, with around 2,230 of its own and retailer-owned stores in Sweden, Norway and the Baltic states. The Group includes the retail companies ICA Sverige, ICA Norge and Rimi Baltic. ICA also offers financial services to Swedish customers through ICA Banken. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold N.V. of the Netherlands. According to a shareholder agreement, Royal Ahold and Hakon Invest jointly share a controlling influence over ICA AB. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit http://www.ica.se