Changes in the management and organisation structure of

No. 15/2019
Copenhagen, 01 October 2019

As previously announced Carsten Rysgaard has been appointed as the CEO of

Carsten Rysgaard is joining today, 1 October 2019, and will join the Executive Board of the group from today.

We have decided to optimize the central organization of to match it better to the need for a more sales oriented and operational management in our markets. The central position as Chief Commercial Officer is discontinued, as we want to prioritize a management structure where the responsibility for our Auction Turnover is placed directly with the country managers. During the past 9 month, we have experienced that the closeness to the markets and the tactical management of our 29 branch managers performed by the country managers is creating a positive momentum in the 29 auction houses. A contribution that can be seen in our Q2 reporting showing a 6% growth in Auction Turnover compared to last year. Going forward the country managers will report directly to the CEO of instead of to a Chief Commercial Officer.

The CCO Thomas Stensgaard will continue in the group for the time being, but will leave the Executive Board of the group as of today.

From today the Executive Board of the group consists of the CEO and the CFO.

Best regards Group A/S
Bengt Sundström

For press enquiries, please contact:
Susanne Sandsberg Klubien,
E-mail [email protected],

Certified Adviser: Erik Penser Bank AB
Telephone number: +46 8-463 83 00
E-mail: [email protected]

Market place: Nasdaq First North Growth Market Premier Stockholm

This information is information that Group A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at 08.55 am CEST on 01 October 2019.

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