Scandinavian Tobacco Group A/S: Changes to the Board of Directors and Executive Management

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| Source: Scandinavian Tobacco Group A/S
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COMPANY ANNOUNCEMENT
No. 32/2017

                                                                                                                           Copenhagen, December 7, 2017

Changes to the Board of Directors and
Executive Management


Mr. Conny Karlsson, member of the Board of Directors of Scandinavian Tobacco Group A/S, has notified the Board that he will resign from the Board effective today. Reference is made to company announcement No. 27 of November 9, 2017 informing of the fact that Swedish Match Treasury Switzerland AG no longer holds shares in the Company.

The Board will review its composition ahead of the 2018 Annual General Meeting.

Changes to the number of members of the registered Executive Management
The Board has decided to reduce the number of members of the registered Executive Management from four to two effective January 1, 2018. This will simplify and streamline the governance structure and interaction between the Board and the Executive Management.

As a consequence, Christian Hother Sørensen, Executive Vice President Sales and Marketing, and Vincent Crepy, Executive Vice President Supply Chain, will as of January 1, 2018 no longer be members of the registered Executive Management. This will not impact the day-to-day management of the business. Their roles remain otherwise unchanged and they remain members of the Executive Board alongside Niels Frederiksen, CEO, Sisse Fjelsted Rasmussen, CFO, Craig Reynolds, Executive Vice President Handmade Cigars and North America and Hanne Berg, CHRO and Senior Vice President.

Going forward, the members of the registered Executive Management are Niels Frederiksen, CEO and Sisse Fjelsted Rasmussen, CFO. 

For further information, please contact:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand@st-group.com


Simon Mehl Augustesen, Director of Group Communications, phone: +45 7220 7152
or simon.augustesen@st-group.com

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