CEO leaves AB Fagerhult

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:

Per Borgvall has after more than 4 years as CEO at AB Fagerhult decided to leave the Group and his position following and acceptance of a new CEO role. He will remain in his current position until his successor has been recruited.

Jan Svensson, the chairman of Fagerhults Board of Directors, comments:

”The Fagerhult Group has, under Per Borgvall’s leadership, during the last four years executed a successful internationalisation and growth strategy. This strategy will remain under a new CEO.”

Per Borgvall has accepted a position as CEO in Gunnebo AB (publ).

Habo 5 September 2008

The Fagerhult Group with 2,000 employees is the largest lighting group in the Nordic region and a leading force in Europe. We develop, manufacture and market professional lighting systems for public environments. The group has sales companies in Sweden, Norway, Denmark, Finland, United Kingdom, Ireland, the Netherlands, France, Germany, Austria, Estonia, Poland, Russia, Dubai, Australia and China. Production facilities are located in Habo, Falkenberg, Borås and Åhus in Sweden, Manchester in England, Melbourne in Australia and in Suzhou, China. The group, which includes Fagerhults Belysning, Ateljé Lyktan,Fagerhult Retail, Elenco, Eagle Lighting, Project Lighting and Whitecroft Lighting, has a turnover of SEK 2,700 million. AB Fagerhult is quoted on the OMX Nordic Exchange in Stockholm, Mid Cap.

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