Ratos AB

Magnus Agervald assumes his position as CEO November 14

In accordance with previous announced decision, the Board of Directors has decided to appoint Magnus Agervald as the new CEO of Ratos. Magnus assumes his new position at November 14, 2016.
 
Magnus assumes his new position as CEO of Ratos at November 14, 2016. Magnus Agervald has been President & CEO of the publicly listed Byggmax Group since 2008, prior to which he was a consultant at McKinsey & Company, an Investment Manager at the Nordic private equity firm IDI, and the founder of Icomera, a mobile internet company.

In conjunction with Magnus Agervald assuming his position in November, Acting CEO Lars Johansson will return to his role as Investment Director at Ratos.

For further information, please contact:
Elin Ljung, Head of Corporate Communications, [e-mail], [phone]


Financial calendar from Ratos:
Interim report January-September 2016           10 November 2016
Year-end report 2016                                      17 February 2017
Interim report January-March 2017                  8 May 2017
Interim report January-June 2017                    17 August 2017
Interim report January-September 2017           6 November 2017

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos's portfolio consists of 21 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has a total of approximately 16,100 employees.

Press release (pdf)

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Source: Ratos via Globenewswire