NEW BUSINESS AREA DIRECTOR AND CHANGES IN GROUP MANAGEMENT FOR ABSOLENT AIR CARE GROUP

Absolent Air Care Group has recruited Jonas Fagerström for the position as Director for the Commercial Kitchen business area. Jonas assumes the position as of 1 June 2023, and he has a solid industrial experience from CPS Color, where he held the position as Senior Vice President responsible for R&D, product management and operations. He has also been Business Unit Director at ISS Facility Services and management consultant at Accenture.

Mattias Nurman, previously CIO at Absolent Air Care Group, has decided to leave the Group. In connection with this, it was decided to rationalize Group management and integrate the responsibility for IT and digitalization with the responsibilities of CFO Karin Brossing Lundqvist.

Jan Berntsson, who has held the position as CTO, has started a long-planned retirement. The technical responsibility in the Group will be integrated in the product management responsibility, held by CPO Robert Wiktorén. Jan will remain as Senior Advisor to Group management on a part-time basis.

"We are very happy to include Jonas as part of Group management. Jonas's business acumen in combination with operational and technical knowledge will be central in the development of our commercial kitchen business. With his solid skills in leadership and change management, we will be able to increase the rate of change and growth for the business area. We welcome Jonas to the team and look forward to getting started and working together.

I would also like to take the opportunity to thank Mattias for his efforts and congratulate Karin and Robert to their expanded responsibilities. I would also like to extend a special thank you to Jan for his invaluable contributions to the development of what Absolent Air Care Group is today. Without his curiosity, intelligence, creativity and courage, we would never have got to where we are today. We are very grateful that Jan will continue to be available to participate in certain projects and thereby continue to contribute to the development of the Group, albeit to a lesser extent." - says CEO Axel Berntsson.