Ratos: New CEO for Bluegarden


Ratos: New CEO for BluegardenOle Morten Settevik has been appointed as the new CEO of Bluegarden. Settevik, who has substantial experience from the Norwegian IT sector, was most recently with Ementor Norge AS. Settevik, who will take up his position on 29 January, will succeed Svein Gullaksen who has previously announced that he will leave his position as CEO. Gullaksen will serve as a member of Bluegarden's board. Settevik, 48, has previously held leading positions within Microsoft Norway. He has also worked within IBM Norway and ECsoft Nordic. Chairman of Bluegarden's Board, Anders Skarin: "Ole Morten's experience and background make him highly suitable to manage Bluegarden." Bluegarden is one of the three largest players in payroll and human resources management in Scandinavia. Operations focus on standardised payroll processing systems, IT-based HRM functions, IT-supported outsourcing of HRM departments and consulting services. Operations are conducted with approximately 400 employees in Sweden, Norway and Denmark. For futher information, please contact:Bo Jungner, Senior Investment Manager Ratos, +46 8 700 17 00Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 703 99 62 39 Financial calendar from Ratos:Year-end report 200622 February 2007Annual General Meeting11 April 2007Interim report January-March9 May 2007Interim report January-June21 August 2007 Interim report January-September 9 November 2007 Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos thus offers stock market players a unique investment opportunity. The equity of Ratos's investments is approximately SEK 9 billion. Ratos's holdings include Anticimex, Arcus Gruppen, Bisnode, Bluegarden, Camfil, DIAB, GS-Hydro, Haendig, Haglöfs, HL Display, Hägglunds Drives, Inwido, Jøtul, Lindab, Medifiq Healthcare, Superfos and Other holdings.Attachment: Press release (PDF) Text version / Internet version / Print / Close