SOLNA, Sweden--(BUSINESS WIRE)--Regulatory News:
On June 24, 2015, it was communicated that Jarl Dahlfors, President and CEO of Loomis has chosen to leave his position at Loomis. The recruitment process to appoint a new CEO has begun. Jarl Dahlfors will remain in his position until the end of August 2015.
As of September 1, 2015, Lars Blecko, Executive Vice President and Regional President USA will, in addition to his position in the US, assume the position as CEO of Loomis until a new CEO has been recruited.
"Lars has been President and CEO of Loomis during 2008 - 2013 and did an excellent job and delivered an unbroken series of operating margin improvements since he took over as CEO in 2008. He led the listing of Loomis at the Nasdaq OMX Stockholm stock exchange and he successfully managed Loomis to reach its financial targets. By Lars accepting the position as CEO, continuity is ensured until a new CEO is in place”, says Alf Göransson, Chairman of the Board of Loomis.
Loomis offers secure and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis’ customers are banks, retailers and other companies. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 21,000 people and had revenue in 2014 of SEK 13.5 billion. Loomis is listed on NASDAQ OMX Stockholm Large-Cap list.
Loomis AB discloses the information provided herein pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 7.45am CEST on July 31th, 2015.
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