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AAK management change, appointment of new President for AAK USA

Terrence “Terry” Thomas is appointed as President of AarhusKarlshamn USA Inc. and as member of the AAK Group Management as of March 25, 2013.

Terry Thomas, 51, is a US national with extensive experience in another food ingredients company, Ingredion Incorporated and a predecessor, National Starch, from 1984 to present. His position as Vice President North America Strategy and General Manager, Ingredient Solutions succeeded a career of positions of increasing importance. He was previously National Starch’s Vice President, General Manager North America, and prior to that, Vice President and General Manager for Europe, the Middle East and Africa, and Vice President and General Manager for Latin America and South Africa where he had responsibility for overall operations and strategy throughout those respective regions. He holds a BSc. from Clarkson University and an MBA from DeVry University’s Keller Graduate School of Management.

“Terry comes with significant general and senior management, commercial and operational experience in the US and internationally within the food and the food ingredients industries. I believe Terry will be a great addition to the AAK Group Management team and we expect him to significantly contribute to taking AAK USA to the next level,” says Arne Frank, CEO. “I see this as an excellent opportunity to contribute to the future of AAK in the USA and I strongly believe in the company’s ability to achieve its ambitious objectives,” says Terry Thomas.

“Hal Grant, the departing Interim President, has been instrumental in maintaining the positive development we have in the USA and was particularly valuable in the acquisition and integration of Oasis Foods Company during 2012 as well as through the challenges after Hurricane Sandy. We would like to thank Hal for all his very valuable contributions and we wish him all the best in all his future endeavors. We are also very happy to know that Hal will be available for AAK for various short term international senior advisor missions” says Arne Frank, CEO.

For further information, please contact:

Arne Frank, President and CEO
Phone: + 46 40 627 83 00

Fredrik Nilsson, Director Group Controlling and Investor Relations
Phone: + 46 40 627 83 34
Mobile: + 46 708 95 22 21

The information is that which AarhusKarlshamn AB (publ) is obliged to publish under the provisions of the Stock Exchange and Clearing Operations Act and/or the Trading in Financial Instruments Act. The information was released to the media for publication on March 14, 2013 at 08.30 am CET.