Management Appointment Scandic

Jens Mathiesen Named President and CEO for Scandic

Scandic Hotels Group AB (publ) changes President and CEO – Jens Mathiesen replaces Even Frydenberg. In connection with this, Scandic comments on its financial performance in the fourth quarter.
Jens Mathiesen
Jens Mathiesen Named President and CEO for Scandic

Scandic

The Board of Directors and CEO Even Frydenberg of Scandic Hotels Group AB (publ) have agreed that Even Frydenberg will leave his position as President and CEO of the company.

The Board of Directors has resolved to appoint Jens Mathiesen as the new President and CEO. Jens Mathiesen is a member of Scandic’s Executive Committee and has successfully held the position of Country Managing Director Scandic Denmark since 2008.

“The Board of Directors has arrived at the conclusion that Scandic needs new leadership, so it’s natural for us to part ways. I want to emphasize that this is a leadership matter and not due to the financial performance of the company, and that Scandic’s strategic direction stands firm. The Board of Directors are most grateful to Even Frydenberg for his contribution to the company,” says Per G. Braathen, Chairman of the Board of Directors.

Jens Mathiesen will assume the role of President and CEO with immediate effect. Until his replacement has been appointed, he will also serve as the Acting Country Managing Director Scandic Denmark

For the fourth quarter, Scandic will report net sales of approximately 4,590 MSEK and an adjusted EBITDA of approximately 480 MSEK. The complete year-end report will be published on February 19 at 07.30 CET.



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