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Systemair informs about changes in the Group management

April 3, 2009, 15:00
Regulatory information
Systemair informs about changes in the Group managementThe ventilation company Systemair informs that Peter Olofsson, VP Purchasing,has chosen to leave Systemair. Peter Olofsson is succeeded by Taina Veittikoski,who also will replace him in the Group management. Taina has a long carreerwithin the Group in different leading positions like subsidiary MD and businessdeveloper. At the same time the Group management is extended with Anders Ulff, currentFinance director, who has been appointed as Administrative director from April1. Anders has been working in different positions within Systemair since 1999.- With Taina Veittikoski and Anders Ulff, we will get a broader competence andat the same time a rejuvenation of the Group management, says Gerald Engström,CEO Systemair.For further information please contact: Gerald Engström, CEO, +46 222 440 01, mobile +46 705 190 001 Glen Nilsson, CFO, +46 222 44003, mobile +46 706 544 003 Systemair in brief Systemair is a leading ventilation company with operations in 38 countries inEurope, North America, the Middle East, Asia, Africa and Australia. The Companyhad sales of approximately SEK 3.1 billion in the 2007/08 financial year andcurrently employs about 1,950 people. Since it was founded in 1974, the Companyhas increased sales every year and at the same time reported an operatingprofit. During the past three years, the Company's growth rate has averagedroughly 18 percent. The Group comprises about 50 companies. Systemair has well-established operations in growth markets. The Group'sproducts are marketed under the Systemair, Frico, VEAB and Fantech brands.Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchangein Stockholm since October 2007.