Press release

Since July 2016, Christoph Sander has combined the roles of Executive Chairman and CEO of OptiGroup in order to lead the transformation journey that was agreed with the majority shareholders, Altor and Triton. The Group has made good progress during 2016 and 2017, and has laid a strong foundation for the future. The 2017 Annual Report will be published at the end of March.

In advance of the next stage of development for OptiGroup, and in order to comply with best corporate governance principles, it has been decided that the roles of Chairman and CEO will be separated.

Christoph Sander will continue as President and CEO of OptiGroup, and Johan Sjö has been appointed non-executive Chairman of OptiGroup.

Johan Sjö is currently President and CEO of Addtech, a well-known listed and Stockholm based company. Johan has successfully led Addtech for many years, during which time Addtech achieved a very value-creating listing of AddLife on the Stockholm Stock exchange. Johan will bring valuable experience to the Board.

Jan Johansson, who recently joined Triton as an industrial advisor, has also joined the OptiGroup Board and takes over from Luc Hendriks as the Triton appointed Board member. Jan was formerly President and CEO of SCA and Boliden, and brings relevant industry experience and insight in the areas of significant growth for OptiGroup.

Nancy Lester, who was formerly Director of Corporate Development at Bunzl plc in London has also been appointed to the Board as an independent non-executive Director. She will bring considerable international M&A and legal experience to the Board.

The Board of OptiGroup therefore now comprises Johan Sjö (independent non-executive Chairman), Christoph Sander (President and CEO), Bengt Maunsbach (Altor appointed representative), Jan Johansson (Triton appointed representative), Håkan Roos (RoosGruppen appointed representative), Ulf Gundemark Independent non-executive), Gunilla Rudebjer (independent non-executive), and Nancy Lester (independent non-executive).

Christoph Sander, President and CEO said: "We welcome Johan, Jan and Nancy to the Board of OptiGroup and are delighted that we have such a strong Board of Directors to guide us in the next phase of our exciting development. I would also like to thank Luc Hendriks for his commitment and support during an important time of change and development in recent years".