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Securitas Group Management Expanded

01 September 1998 10:00

The acquisitions in Germany and France announced during this summer will increase Securitas` sales from about SEK 12 billion to about SEK 18 billion. At the same time, France and Germany will become the Group`s largest countries of operation with sales of about SEK 5 billion and SEK 4 billion respectively. Also in the existing operations, fast development is taking place in the different business areas.

To meet Securitas` fast development and to ensure the right management structure to meet the new challenges, the group management has been expanded and changed in the following way:

q Country managers in Germany, France and Spain are now members of the group management. Thus the four largest countries of operation (including Sweden) are represented in the group management.

q The country manager of Great Britain, a country where Securitas runs Cash-in-Transit services only, is now a member of the group management and will take over the responsibility for the business area Cash-in-Transit services in the whole group.

q The President for Securitas Direct Division (alarms for private homes and small companies) is now a member of the group management. Securitas Direct is the fastest growing business area of the group, with strongly increasing influence on the development of the whole group.

q Amund Skarholt, Executive Vice President, has been appointed Chief Operational Officer (COO).

Securitas` Group Management:
Thomas Berglund, President and CEO
Amund Skarholt, Execcutive Vice President and COO
Håkan Winberg, Executive Vice President and CFO
Juan Vallejo, responsible for the business area Alarm Systems, President Sweden
Tore K Nilsen, responsible for the business area Guard Services, President Norway
Mel Scott, responsible for the business area Cash-in-Transit Services, President Great Britain
Reinhard W. Ottens, President Germany
Patrick Coutand, President France
Santiago Galaz, President Spain
Dick Seger, President of Securitas Direct International
More information can be obtained from Thomas Berglund, CEO, telephone +46 8 657 74 00.

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