Oslo, 19 February 2016
Managing Director Sweden, Mr. Marcus Wibergh, has decided to leave his position after eight years with XXL and to search for new opportunities outside the company. He will be leaving his position in April 2016. Mrs. Janicke Blomsnes will take up the position as acting Managing Director Sweden and will be a part of the Executive Management team of XXL ASA from today. XXL will start the process of recruiting a new Managing Director Sweden.
Mr. Anders Fjeld, former Managing Director Norway, has been appointed Chief Operating Officer (COO) in XXL ASA. New Managing Director Norway will be Mr. Leif Thoresen and he will be a member of the Executive Management team of XXL ASA from today.
Nordic Purchasing Director, Mr. Lars Rugaas, will also be a part of the Executive Management team of XXL ASA from today.
All the new members have extensive experience from XXL.
Mrs. Janicke Blomsnes is a Norwegian citizen and resides in Sweden. She comes from the position as Operations Manager in XXL Sweden and as Head of Nordic Training and Education in XXL Group. Prior to this she served as Store Manager and Sales Leader in Norway. She owns 29,466 shares in XXL ASA and 41,711 share options in XXL ASA including ownership of closely related parties.
Mr. Leif Thoresen is a Norwegian citizen and resides in Norway. He comes from the position as Operations Manager in XXL Norway. Prior to this he served as Store Manager in XXL Norway and as Operations Manager in XXL Finland. Before joining XXL in 2010, Mr. Thoresen held several leading positions in Lidl Norway and Rema 1000 Norway within sales, marketing and logistics. He owns 9,234 shares in XXL ASA and 2,018 Restricted Share Units in XXL ASA including ownership of closely related parties.
Mr. Lars Rugaas is a Norwegian citizen and resides in Norway. He has been Nordic Purchasing Director in XXL since November 2012. Prior to this he assumed the role as Purchasing Director for sportswear. Before joining XXL in 2005, Mr. Rugaas held several positions in retail companies Gresvig (G-Sport and Intersport), Bakers (Orkla Foods) and 7-Eleven. He holds a Master degree in Marketing Management from BI Norway and Griffith University Australia. Mr. Lars Rugaas owns 43,812 shares in XXL ASA and 41,711 share options in XXL ASA including ownership of closely related parties.
For further information please contact:
Mr. Tolle Grøterud
Head of Investor Relations
XXL ASA
tolle.g@xxl.no
+47 90 27 29 59
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.