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Rickard Gustafson to Join SAS as New President and CEO

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 Rickard Gustafson has been appointed as the new President and CEO of SAS. Rickard Gustafson is 46 years old and currently the CEO of the insurance company Codan/Trygg-Hansa.

The current SAS President and CEO, Mats Jansson, will leave his position on 1 October 2010. Rickard Gustafson will then assume his position at SAS not later than March 2011. Until then, the Deputy CEO, John Dueholm, will be acting President and CEO.

Rickard Gustafson is a Graduate Engineer, with a focus on industrial economy, from the Institute of Technology at Linköping University. He is married and has two children.

"Rickard Gustafson is an experienced leader, with extensive international experience, who has demonstrated that he can generate good results. As the current CEO of Codan/Trygg-Hansa, he has Nordic responsibility, and also has broad experience of strategy development, marketing and process optimization from both Codan/Trygg-Hansa and GE Capital. The entire Board agrees that Rickard Gustafson is the right person to take on the challenges in SAS, and to continue the implementation of the Core SAS strategy and ensure profitable growth," said Fritz Schur, Chairman of the Board of SAS.

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