Lotta Lyrå Appointed new CEO of Clas Ohlson

INSJÖN, Sweden, Dec 20, 2016 /PRNewswire/ --

Before the role as Head of Development & Expansion, Lotta Lyrå has held several leading positions within IKEA Group, for instance as CEO assistant and within strategy development and digital transformation.

"In Lotta Lyrå, we have recruited a strong leader with many relevant experiences and personal qualities making her the right person to continue developing the company. Lotta is joining a fantastic company with a solid position and I am very much looking forward to working with her on Clas Ohlson's continued growth journey," says Kenneth Bengtsson, Chairman of the Board at Clas Ohlson.

Lotta Lyrå is born in 1975 and holds a MSc from the Stockholm School of Economics. Besides several leading positions at IKEA Group Mrs Lyrå has held various positions within Södra Skogsägarna and McKinsey & Co.

"I feel incredibly privileged to have been given the opportunity to lead a company with such strong corporate culture and sound values as Clas Ohlson. The retail industry is at a very exciting place at the moment with new actors, new technology and new expectations from customers and it will be very inspiring to, together with all co-workers at Clas Ohlson, be a driving factor in this development," says Lotta Lyrå.

Until Lotta Lyrå enters the role as President and CEO of Clas Ohlson, Peter Jelkeby will, as previously announced, take on the role as acting CEO.

For more information, please contact:

Sara Kraft Westrell,
Director of Information and Investor Relations,
Phone [phone]

This is information that Clas Ohlson AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 am CET on 20 December 2016.

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/clas-ohlson/r/lotta-lyra-appointed-new-ceo-of-clas-ohlson,c2153485

The following files are available for download:

http://mb.cision.com/Main/1116/2153485/606078.pdf	Press release as pdf
http://news.cision.com/clas-ohlson/i/lotta-lyra,c2044756	Lotta Lyrå