Announcement no. 40 - 2011/12
10 February 2012
In view of Cimber Sterling’s vision to become Scandinavia’s leading regional airline with primary focus on the ATR turbo-prop aircraft, Cimber Sterling has decided to implement an organisational change to strengthen the company’s special competencies in this field.
Captain Jørgen Nielsen has been appointed Chief Operations Officer (COO) effective 13 February 2012. Jørgen Nielsen trained as an aircraft mechanic and served as a fighter pilot (F-100/F-16) in the Royal Danish Air Force. Nielsen, who has flown the ATR since 1986, has decades of experience in the airline industry and Cimber Sterling, and from 1994 to 2009 he served as CEO of Cimber Sterling Group A/S and Cimber Sterling A/S. Since the company’s flotation in 2009, Nielsen has been responsible for Business Development while also flying the ATR as captain.
Jørgen Nielsen replaces outgoing COO Steen Neuchs, who will step down from his position at Cimber Sterling as of 10 February 2012. Both the Board of Directors and the Executive Board of Cimber Sterling wish to thank Steen Neuchs for his efforts in the company’s service.
Cimber Sterling’s Executive Board will thereafter consist of the following three members:
• Jan Palmer, President & CEO
• Martins Antonovics, CFO, Executive Vice President
• Jacob Saaby Krogsgaard, CCO, Ececutive Vice President
On behalf of the Board of Directors
Gregory Gurtovoy, Chairman
For further information, please contact:
Jan Palmér, President & CEO
Tel.: +45 60 29 26 26
E -mail: ir@cimber.dk
This Announcement has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish Announcement and the English translation, the Danish Announcement shall prevail.
