Preben Bager new CEO of Nobia

The Board of Directors of Nobia has appointed Preben Bager as the new President and CEO. He will take office on 2 April 2008 and succeeds Fredrik Cappelen, who previously announced that he intends to stand down as President at the Annual General Meeting to be held on 1 April.

 

Preben Bager, who is 59 years old, has worked in the kitchen industry for more than 25 years and, as head of HTH, he has developed this business unit into one of the Nordic region's leading kitchen brands. He is since three years head of Nobia's UK region.

 

"The Board is highly pleased with the choice of Preben Bager as the new CEO of Nobia. Preben has the experience and possesses the qualities required to implement the next few years' ambitious program that, among other initiatives, includes the opening of more than 200 new stores," says Hans Larsson, Chairman of Nobia's Board.

 

CFO Jan Johansson has decided to leave Nobia this summer to join Morphic Technologies in the same role. His successor will be announced shortly.

 

Nobia AB

11 March 2008

 

 

 

 

 

 

Telephone +46 8 440 16 00 or +46 708 65 59 00

 

 

  

 

Nobia is the leading kitchen company in Europe with operations in some ten countries. The Group manufactures and sells complete kitchen solutions through many strong local and international brands, including Magnet in the UK, HTH in the Nordic region, Hygena in France and Poggenpohl internationally. Sales are generated through specialised kitchen studios, retailers and direct to corporate customers. Nobia creates profitable and sustainable growth by enhancing efficiency and making acquisitions. Nobia has about 8,000 employees and annual net sales of approximately SEK 16 billion. The Nobia share is listed on the OMX Nordic Exchange Stockholm AB under the shortname NOBI, in the Large Cap segment and the Consumer Discretionary sector. Nobia is included in the OMX Stockholm Benchmark Index.

More information is available at www.nobia.com.