David Brodetsky appointed as new President and CEO for Lindab Group as of 1 October 2008
The current President and CEO Kjell Åkesson has informed the Board of Directors of Lindab that he wishes to make use of his contractual right to retire in connection with his 60th birthday in the beginning of next year.
He will be replaced by the current manager of Lindab Building Systems, David Brodetsky, who also is a member of the Group Management Team. David Brodetsky, who is 52 years old, was President for Astron Building Systems which Lindab acquired in 2005 and he is since then responsible for Lindab's Building Systems Division.
Svend Holst-Nielsen, Lindab's chairman of the Board of Directors, comments the change on the managerial post:
"Kjell Åkesson has, in a very impressive manner, contributed to the company's strong growth and successful international development both marketwise and financial. By his big commitment and ability to lead he has also contributed to the strengthening of Lindab's brand both on the industrial and capital markets."
The Board of Directors wishes to express a great thanks to Kjell Åkesson for his many considerable achievements during his almost 6 years as CEO for the Lindab Group.
At the same time as we regret Kjell Åkesson's wish to make use of his 60-year clause of his agreement, is it with great pleasure and strong confidence that we hand over the responsibilities of the Lindab Group management to David Brodetsky. David Brodetsky has great experience of the Lindab Group and has shown prominent qualities of leadership within his current area of responsibility, which has had a very strong expansion and an excellent economic result. David Brodetsky has furthermore been responsible for several Groupwide projects. He has a broad international experience from managerial posts not only in Western and Eastern Europe but also in North and South America.
The Board of Directors wishes David Brodetsky all the best to carry out the continued ambitious plans for developing the Group's operations within the framework of Lindab's business idea and strategic direction.
Grevie, 28 April 2008
Lindab International AB
Svend Holst-Nielsen
Chairman of the Board
End
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the laws for Stock Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
Svend Holst-Nielsen, Chairman of the Board
Mobile: +46 (0)708 55 70 00
Tel +46 (0)431 85043
Kjell Åkesson, CEO
Email: kjell.akesson@lindab.com
Tel. +46 (0)431 850 00 / 850 07
Support material: jpg file. Photo of David Brodetsky
About Lindab:
Lindab is an international group that develops, manufactures and markets sheet metal products and system solutions for the construction sector.
The two business areas, Profile and Ventilation offer complete solutions for construction systems and indoor climate, as well as individual construction and ventilation components for all types of buildings.
Lindab is listed on the Stockholm Stock Exchange, Nordic Large Cap under the ticker "LIAB".
The Lindab group has approximately 5,000 employees in 30 countries and generated sales of SEK 9,280 million in 2007. Its head office is located in Grevie near Bastad in southwestern Sweden. For more information visit www.lindab.com
