Change of NKT Cables Group CEO

NASDAQ OMX Copenhagen

Nikolaj Plads 6

DK-1007 Copenhagen K

1 March 2011

Release No. 3

Change of NKT Cables Group CEO

NKT Cables Group CEO Dion Metzemaekers has decided to resign from his position to take up new responsibilities outside NKT. Dion Metzemaekers will effectively leave the company as per 4 March 2011. 

An external successor will resume the position as CEO no later than 1 June 2011. The new CEO has extensive international experience from top level positions. Further details will be published as soon as possible. 

Dion Metzemaekers has been with NKT Cables for 11 years, hereof the last 9 years as Group CEO. In that period of time NKT Cables Group has enjoyed an impressive growth and development. We are highly appreciative of the company achievements obtained by Dion Metzemaekers as well as his colleagues under his tenure. 

In order to realize a smooth transition, Thomas Hofman-Bang will temporarily step in as acting CEO working with Detlev Waimann (CCO), Asger Bruun-Christensen (COO) and Paul Langelaan (CFO) to continue the direction that the company developed over the past years. This transition will keep NKT Cables in the forefront of the attractive growth prospects that the sales teams have identified and for which the factories have been prepared with the recent investments. 

Further information

Please address any questions to the signer on telephone no. +45 4348 2000. 

Yours faithfully,
NKT Holding A/S
Thomas Hofman-Bang
President and CEO