The ongoing measures to rectify the delivery problems at HTH
resulting from changes aimed at increasing productivity in the
factory, as reported in the Q2 Interim Report, have not proceeded at
a satisfactory pace.
Therefore, Nobia has appointed Preben Bager as acting business unit
manager of HTH to replace Henning Storm. In addition, the technical
manager of HTH, Henry Koch, will leave the company.
Preben Bager was business unit manager of HTH between 1992 and 2004.
He is currently business unit manager for Magnet in the UK, as well
as executive vice president operations for the UK region. He will
divide his time between Denmark and the UK until the recruitment of a
permanent business unit manager is completed. Henning Storm will
remain within the Nobia Group to assist the new HTH management.
Nobia AB
28 September 2007
For further information, contact:
* Fredrik Cappelen, President and CEO Nobia
* Preben Bager, Acting Business Unit Manager HTH and EVP Operations
UK region
* Ingrid Yllmark, Director Communications and IR, Nobia
Telephone: +46 8 440 16 00 or +46 (0)708 65 59 00
As the leading kitchen company in Europe, Nobia is championing the
consolidation of the European kitchen industry. Nobia creates
profitable growth by enhancing efficiency and making acquisitions.
The Nobia Group works with 20 strong brands in many European
countries. Sales are mainly generated through specialised kitchen
studios, both wholly owned and franchised. The Group has about 8,000
employees and net sales of approximately SEK 16 billion. Nobia is
listed on the OMX Nordic Exchange in Stockholm. More information is
available at www.nobia.com.
EWE-FM - Gower - HTH - Hygena - Invita - Magnet - Marbodal -
Myresjökök
Norema - Novart - Optifit - Poggenpohl - Pronorm - Sigdal
Nobia appoints Preben Bager as acting business unit manager at HTH
| Source: Nobia AB