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Gran Jansson Named as New CFO and Deputy President of SAS

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Gran Jansson is to assume the position of CFO and Deputy President of SAS on 1 March 2011. The current CFO, Mats Lnnqvist, will continue until 1 April 2011, to ensure a smooth and efficient handover of assignments and responsibilities.

"I was recruited for a specific assignment in December 2008, which is now about to be concluded," said Mats Lnnqvist. SAS' financial platform is secure, it was delivered according to the CoreSAS cost program, and at the presentation of results for 2010, we were able to report that our underlying operation is now profitable and there are prerequisites for achieving a positive result in 2011. Consequently, I believe it's natural to hand over now that SAS is moving into a new phase."

"I have worked with Mats Lnnqvist for only a short period but I can see that he was a central player in bringing SAS through a difficult period and creating a stable base," added Rickard Gustafson, President and CEO of SAS. "Mats has done a magnificent job. I regret but respect his decision to leave the company now, and I am also happy that we have found such a competent successor as Gran Jansson."

Gran Jansson is 52 years old, a graduate in business administration from Stockholm University and previously an authorized public accountant. He joins SAS from various consulting and Board assignments.

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