Fredrik Cappelen to resign as CEO of Nobia at by kaq14266

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									                                                                                                      PRESS RELEASE




   Fredrik Cappelen to resign as CEO of Nobia at 2008 Annual General Meeting

   The President and CEO of Nobia, Fredrik Cappelen, has informed Nobia’s Board of Directors that he intends 
   to stand down as CEO of the company at Nobia’s 2008 Annual General Meeting. 
    
   “Naturally, we regret that Fredrik has decided to leave Nobia. At the same time, we have full respect for 
   Fredrik’s desire to seek new challenges after so many years as a highly successful CEO. Under his 
   leadership, Nobia has developed into the leading kitchen company in Europe, with net sales of SEK 16 
   billion,” says Hans Larsson, Chairman of the Nobia Board. 
    
   “It has been a very exciting challenge to develop Nobia into what it is today. After 14 years as CEO of the 
   company, and with a clear growth‐focused strategy in place, I believe that Nobia has reached a phase in 
   which it is natural to hand over to new energy,” says Fredrik Cappelen. 
    
   Fredrik Cappelen, who was born in 1957, has been the CEO of Nobia since 1994. 
    
   Hans Larsson and Fredrik Cappelen will be available to respond to questions in conjunction with today’s 
   presentation of Nobia’s results for the third quarter 2007 at 10:00 CET. The presentation can be viewed live 
   via www.nobia.com. 
    
    
   For further information, please contact  
   Ingrid Yllmark, Director Communications and IR, Nobia,  
   Tel: +46 8 440 16 00 or +46 (0)708 65 59 00 
    
   Nobia AB 
   25 October, 2007  
    
    
    
    
    
    
    
    
    
    
   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



P.O. Box 70376                         Office address:              Tel +46 (0)8 440 16 00       Organisation number 556528-2752
SE-107 24 Stockholm, Sweden            Klarabergsviadukten 70 A5    Fax +46 (0)8 503 826 49      Registered office Stockholm, Sweden

								
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