Nobia strengthens Group Management
Nobia strengthens Group Management Nobia is modifying its Group Management function and strengthening it with clearer overall responsibility for the company. The Group Management will be reduced to six people. The purpose of the change is to bring about further improvements in support, follow-up and knowledge transfer between business units. Two new positions of Vice President Operations are being created. Gary Favell, Business Unit Manager at Magnet, and Preben Bager, Business Unit Manager at HTH, are being appointed to these positions. The Group Management will be comprised as follows: Fredrik Cappelen, President and CEO Lennart Rappe, Executive Vice President and CFO Preben Bager, Vice President Operations, Business Unit Manager HTH Gary Favell, Vice President Operations, Business Unit Manager Magnet Ingemar Tärnskär, Vice President Production/Purchasing/Logistics Peter Petersson, Vice President Business Development/Human Resources The changes are being made in accordance with the decentralised form of organisation that has been an important factor in Nobia's success. As previously, the operations of the twelve business units will be run with a high degree of independence and with local responsibility for markets and profitability. The changes will take effect as of 1 January 2003. Nobia AB 13 December 2002 Further information: Fredrik Cappelen; President and CEO, tel. +46 8 440 16 02 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 10 billion annually and around 6,000 employees. Nobia is listed on Stockholmsbörsen's O-list. Goldreif HTH Invita Magnet Marbodal Myresjökök Norema Novart Optifit Poggenpohl Pronorm Sigdal ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/12/13/20021213BIT00100/wkr0001.DOC http://www.waymaker.net/bitonline/2002/12/13/20021213BIT00100/wkr0002.pdf