| Company Announcement|
Copenhagen, 8 March 2018
Scandinavian Tobacco Group's CFO Leaves the Company after Nine Years
Scandinavian Tobacco Group A/S announces that Chief Financial Officer (CFO) Sisse Fjelsted Rasmussen has decided to leave the company after more than nine years as CFO to take up a position outside the Company.
CEO of Scandinavian Tobacco Group Niels Frederiksen says: "I would like to thank Sisse for her leadership and significant contribution to the company since 2008. As CFO, she has been a valuable part of Scandinavian Tobacco Group's Executive Management, and I wish her the best of luck in her future career."
Scandinavian Tobacco Group continues to have a strong leadership team and the Company will now initiate a search to fill the position of CFO. The Company and Sisse Fjelsted Rasmussen have made an agreement that she will stay in her current role until the end of May, but will be available to the Company until the end of August 2018.
This change to the Executive Management has no impact on the financial outlook for 2018.
For further information, please contact:
For investor enquiries: Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or email@example.com
For media enquiries: Simon Mehl Augustesen, Director of Group Communications, phone: +45 7220 7152 or firstname.lastname@example.org