Management change at Norema

Björn Arnestad is, at his own request, leaving his position as Manager of Nobia's Norwegian Business Unit, Norema.
 
Björn Arnestad has successfully lead the business through some years of great change, seeing the introduction of the common measurement standard, K20 and the shift from production to assembly. Business at Norema is now entering a new phase, with increased focus on market and sales.
 
Peter Petersson has been appointed acting Business Unit Manager. Petersson is Vice President responsible for Business Development and Human Resources in the Nobia Group.
The change will be in effect from 1 June.
 
Nobia AB
26 May 2003
 
For further information:
Fredrik Cappelen, CEO, Tel: +46 8 440 16 00
Peter Petersson, VP Business Development/ and Human Resources, Tel: +46 705 84 43 55
Katarina Sivander, Communications Manager, Tel: +46 8 440 16 07
 
See also Nobia's website: www.nobia.se
 
Nobia is Europe's leading kitchen interiors company. The Group operates in a number of European markets under strong brand names. Nobia's own specialist kitchen stores and franchise stores are responsible for most of the Group's sales. Nobia is leading the consolidation of the European kitchen market and creating profitable growth by making efficiency improvements and acquisitions, taking an industrial approach. The Group has sales of approx. SEK 9.6 billion annually and around 5,900 employees. Nobia is listed on the Attract40 section of Stockholmsbörsen's O-list.

About Us

Nobia develops and sells kitchen solutions through a number of strong brands in Europe, including Magnet in the UK; HTH, Norema, Sigdal, Invita and Marbodal in Scandinavia; Petra and A la Carte in Finland; as well as ewe, Intuo and FM in Austria and Bribus in the Netherlands. Nobia generates profitability by combining economies of scale with attractive kitchen offerings. The Group has approximately 6,100 employees and had net sales of about SEK 13 billion. The share is listed on Nasdaq Stockholm under the ticker NOBI. Website: www.nobia.com

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