Per Thelin appointed Stockmann's new CEO

Helsinki, Finland, 2014-10-29 07:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc, Changes board/management/auditors 29.10.2014 at 8:00 EET

Per Thelin (born 1958), B.Sc. (Econ.), has been appointed Stockmann plc's new Chief Executive Officer. He will start in this position on 10 November 2014. He is a Swedish citizen.

Per Thelin currently works as consultant and he has been senior advisor for companies such as Atria and Eletrolux Retail. He has previously worked as President and CEO of Inflight Service Group in 2010-2011 and as President and CEO of Venue Retail Group in 2006-2009. Prior to these, he worked as CEO and a member of the Board in MT Owner in 2005-2006 and as President and CEO for Biltema in 2003-2004. He has worked in the retail business since the 1970s.

”Per Thelin has wide and versatile experience and a successful track record as CEO in several companies. The common factor for his previous positions and the CEO position at Stockmann is the need for improving profitability in the international business environment. I am convinced that Per has great potential to turn Stockmann’s financial performance up”, says Kaj-Gustaf Bergh, Chairman of Stockmann's Board of Directors.

”I'm excited about working at Stockmann, which is a well-known company and a forerunner in its field. I believe that my experience in leading the change will be particularly useful in this position. The Group's new strategic direction, a strong brand as well as the skillful personnel are a combination which enables the new Stockmann's success in the multichannel retail market,” says Per Thelin.

Per Thelin is present at Stockmann's Interim Report briefing today, Wednesday 29 October 2014 at 9.15 a.m. The press and analyst briefing will be held at the Fazer À la Carte restaurant on the 8th floor of Stockmann's Helsinki city centre department store, Aleksanterinkatu 52.

Further information:

Kaj-Gustaf Bergh, Chairman of the Board of Directors, tel. +358 40 524 7730
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com


STOCKMANN plc

Nora Malin
Director, Corporate Communications


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NASDAQ OMX
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