Lindab announces management change in Building Systems business area

It has been mutually agreed that Venant Krier, Business Area Manager Building Systems, will leave Lindab on December 5th. He is  replaced as Business Area Manager by Hans Berger who has many years' experience in managing Building Systems businesses in both North America and Europe and who is currently Business Unit manager for Lindab Inc in the US. Hans will also continue to have responsibility for Lindab Inc.

Lindab's President and CEO, David Brodetsky, comments: "Venant Krier has contributed greatly to developing the Building Systems business in many different roles over the years and I wish him much success in the future."

"Hans Berger is a seasoned manager with a proven track record of success and I have no doubt that his experience will benefit the continued recovery of the Building Systems business."

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The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.

Contacts:

LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418

Lindab - A Ventilation and Building Products company:

Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.

The business is carried out within three business areas, Ventilation, Building Components and Building Systems. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.

The Group had net sales of SEK 6,527 m in 2010, was established in 31 countries and had approximately 4,400 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2010, the Nordic market accounted for 45 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 22 percent, Western Europe for 29 percent and other markets for 4 percent of total sales.

The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com