The ongoing measures to rectify the delivery problems at HTH resulting from changes aimed at increasing productivity in the factory, as reported in the Q2 Interim Report, have not proceeded at a satisfactory pace.

 

Therefore, Nobia has appointed Preben Bager as acting business unit manager of HTH to replace Henning Storm. In addition, the technical manager of HTH, Henry Koch, will leave the company.

 

Preben Bager was business unit manager of HTH between 1992 and 2004. He is currently business unit manager for Magnet in the UK, as well as executive vice president operations for the UK region. He will divide his time between Denmark and the UK until the recruitment of a permanent business unit manager is completed. Henning Storm will remain within the Nobia Group to assist the new HTH management.

 

 

 

Nobia AB

28 September 2007

 

 

For further information, contact:

 

 

Telephone: +46 8 440 16 00 or +46 (0)708 65 59 00

 

 

 

 

As the leading kitchen company in Europe, Nobia is championing the consolidation of the European kitchen industry. Nobia creates profitable growth by enhancing efficiency and making acquisitions. The Nobia Group works with 20 strong brands in many European countries. Sales are mainly generated through specialised kitchen studios, both wholly owned and franchised. The Group has about 8,000 employees and net sales of approximately SEK 16 billion. Nobia is listed on the OMX Nordic Exchange in Stockholm. More information is available at www.nobia.com.