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.

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.