Kid ASA – Anders Fjeld is stepping down as CEO

Lier, 1 November 2024: Anders Fjeld has informed the Board that he will resign as CEO of Kid ASA (“the Company”), to take the position as CEO of Sport Holding AS, a company controlled by Gjelsten Holding AS and O.N. Sunde A/S.

He will continue to hold the position until 1 May 2025, and the Board will start the process of finding his replacement now.

Anders Fjeld has been the CEO since November 2018. Under his leadership, the Company has developed significantly and become a leader in home textile retail in the Nordics.

“Anders has done an outstanding job as CEO, and I would like to thank him for the efforts, commitment, and results he has achieved in the Company. Strong growth, in combination with impressive margins and geographic expansion has brought the Company to where we are today”, says Espen Gundersen, the Chairman of the Board at Kid ASA.

“I have had the pleasure of being part of a fantastic team with many of the best retailers in the Nordics. I want to thank all the employees in the stores, great colleagues at our head offices, the management team and the Board. Together, we have achieved results that few or none have managed to match.

With a strong and competent management team and motivated employees in four countries, I look forward to following the development of Kid Interior and Hemtex in the future. I am confident that we will continue to see growth and strong results in the time to come”, says Anders Fjeld, CEO of Kid ASA.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.

CONTACT

Espen Gundersen, Chairman, +47 97 68 73 01