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Changes in Adapteo’s group management team

Regulatory information

Adapteo Plc Regulatory Press Release 27 November 2019 at 9.00 am CET 

Adapteo, a leading modular space solution provider in Northern Europe, announces changes in its Group Management Team. Timo Pirskanen, CFO and a member of Adapteo’s Group Management Team, will leave the company by mutual agreement effective today, 27 November 2019. Erik Skånsberg will take over as interim CFO until a permanent replacement has been appointed. In addition, an interim Senior Vice President Investor Relations has been named.

- I would like to thank Timo for his contributions in the work of formalizing the finance department and his work in the listing process of Adapteo. He is an experienced and strategic financial professional, whose experience from earlier successful IPO’s was a strong contributor in realizing the listing process of Adapteo under a very strict time table. However, Adapteo needs an operationally oriented CFO with a commercial focus to drive performance management in our key markets. I wish Timo all success in the future, says Philip Isell Lind af Hageby, President and CEO of Adapteo Group.

Erik Skånsberg has been appointed interim CFO and an interim member of Adapteo’s Group Management Team and will assume the interim position immediately. Erik Skånsberg has an extensive background from senior financial and CFO positions from both listed and privately held companies, such as Addtech, Envirotainer and Kinnarps.

- I am pleased to present Erik as interim CFO for Adapteo. He has extensive knowledge within finance and experience from leasing business models and his strategic mindset combined with operational abilities will be beneficial to Adapteo, says Philip Isell Lind af Hageby.

In addition, Niklas Alm has been appointed interim Senior Vice President Investor Relations and part of the Group Management Team, effective immediately. Niklas has wide experience from several senior positions in investor relations and financial communication in a variety of companies, such as Dustin, Sanitec and Stronghold Invest.

- Niklas has been advising Adapteo during the year and it is a natural step to continue our cooperation, says Philip Isell Lind af Hageby.

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For additional information, please contact

Philip Isell Lind af Hageby, CEO, +46 73 022 19 36, philip.isell@adapteo.com
Hanna Wennberg, SVP Marketing and Communication, +46 76 256 10 62, hanna.wennberg@adapteo.com

Adapteo in brief

Adapteo is a leading Northern European provider of modular space solutions. We operate in Sweden, Finland, Norway, Denmark and Germany. Adapteo is a new brand with over 30 years of experience, born from the acquisition of Nordic Modular Group and the demerger from Cramo. We offer premium modular space solutions to schools, daycare centers, offices, accommodation and events for temporary and permanent needs. In 2018, Adapteo’s pro forma net sales were EUR 221 million. Pro forma net sales include the modular space business of Cramo Plc and acquired Nordic Modular Group’s net sales for full year.

A changing society needs adaptable space. At Adapteo, we make sure everyone has the right kind of space, so that people can grow, and societies can move ahead. We create flexible modular spaces that are good for the planet and great for the future. Adapteo is listed on Nasdaq Stockholm.

www.adapteogroup.com

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