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Ratos (STO:RATOB) Håkan Jeppsson has been appointed as the new President and CEO of Ratos's subsidiary Inwido. His current position is President and CEO of the listed company BE Group. Håkan Jeppsson will succeed Sven-Gunnar Schough, who will retire.
Håkan Jeppsson, born 1961, has a BSc in Business Administration and Economics from Lund University. He has previously held leading positions within Stiga, Scandorama and Papyrus, and has been CEO of the steel trading and service company BE Group since 2002. Håkan Jeppsson will take up his position as President and CEO of Inwido in February 2009.
Inwido's Chairman, Anders C. Karlsson, comments: "Håkan has many years and international experience of heading growth companies. This means that, in partnership with other members of Inwido's management, he will be well placed to continue to develop Inwido."
Inwido develops, manufactures and sells a broad range of windows and doors to the building trade, construction companies and modular home manufacturers. Operations are conducted in all the Nordic countries as well as in the UK, Ireland, Poland and Russia. The company's brands include Elitfönster, SnickarPer, Tiivi, KPK and Lyssand. Inwido has enjoyed strong growth since 2004 and carried out almost 30 add-on acquisitions.
The group has approximately 4,250 employees and reported sales of SEK 5,057m and EBITA of SEK 481m for 2007.
Ratos's holding in Inwido amounts to 95%.
For further information, please contact: Anders C. Karlsson, Chairman of Inwido, +46 70 524 74 80 Håkan Jeppsson, President and CEO designate of Inwido, +46 705 501 517 Leif Johansson, Investment Director Ratos, +46 8 700 17 00
Financial calendar from Ratos: Interim Report January - September 2008 7 November 2008 Year-End Report 2008 19 February 2009
Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos offers investors a unique investment opportunity. The equity of Ratos's investments is approximately SEK 11 billion and a market capitalisation of approximately SEK 28 billion. Ratos's holdings include AH Industries, Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Haglöfs, HL Display, HÅG/RH/RBM, Hägglunds Drives, Inwido, Jøtul, Lindab, MCC, Medisize, Superfos and Other holdings.
