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April 22, 2005

SWEDEN: Axfood CEO to quit, become CEO of Axel Johnson

Swedish retailer Axfood today (Friday) announced that CEO Mats Jansson to leave on 31 December 2005 for a position as CEO of Axfood’s principal owner Axel Johnson AB.

Swedish retailer Axfood today (Friday) announced that CEO Mats Jansson to leave on 31 December 2005 for a position as CEO of Axfood’s principal owner Axel Johnson AB.

The work on recruiting a new CEO for Axfood will begin immediately, the company said.

“I have five very exciting and stimulating years behind me at Axfood,” says Mats Jansson. “To have this opportunity to participate in the establishment and development of a new company grouping in the Swedish retail food trade has been a big and gratifying task. My personal plan and goal has been to work on operationally level with Axfood’s merger during a five-year period based on the 2000-2005 strategic plan. As a director of Axfood AB I will continue to work actively with the company’s future development.”

Göran Ennerfelt will continue to serve as chairman of Axfood AB until the next annual general meeting, in March 2006, where the principal owner, Axel Johnson AB, intends to propose Mats Jansson as the new chairman.

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