AarhusKarlshamn AB announced that will adjust the organization to strengthen the organization's ability to support the execution of new company program, AAKtion program, with the aim to: strengthen focus on Asia. It is critical for future growth that company gets a stronger foothold in these markets, consolidate the European sales into one strong sales organization. Europe being a more mature market needs dedicated management and partly different strategies.

In this context the company have decided the following organizational adjustments and changes in the Executive Committee: an Asian division will be established and lead by Torben Friis Lange, who is President Asia, Europe and Africa. A European division will be established and lead by Jens Wikstedt, who joins AAK from Schneider Electric where he has held several different international senior management positions during the last 14 years. The company also reported that Fredrik Nilsson, Director Group Controlling and Investor Relations, has been appointed CFO succeeding Peter Korsholm who has decided he wants to spend more time to pursue a number of personal engagements.

Peter Korsholm will continue to work with AAK on special projects part of his time primarily focusing on M&A and Bo Svensson, President Business Area Technical Products & Feed, will retire after 40 years with AAK in different management positions.