Axactor SE

Board/Management Information • Apr 2, 2020

Endre Rangnes released as CEO of Axactor SE

Endre Rangnes released as CEO of Axactor SE

Oslo, April 2rd, 2020

The Board of Directors of Axactor SE announces that the board has released Endre Rangnes from his position as CEO with immediate effect.

CFO Johnny Tsolis will act as interim CEO as of today and until the Board of Directors appoints a new CEO. Mr. Tsolis has more than thirteen years’ of experience from the debt collection industry, including being co-founder of Axactor and previously responsible for Strategy & M&A in the company.

Axactor’s strategy remains intact and the process of finding a new CEO has been initiated.

For additional information, please contact:

Glen Ole Rødland, Chairman of the Board

Mobile phone: +47 907 41 662

Email: glen.ole.rodland@vikenfiber.no

About Axactor

Axactor Group is a next-generation debt management company operating in Norway, Sweden, Finland, Germany, Spain and Italy with an ambitious European growth strategy. Axactor acquires and collects on own portfolios of non-performing loans and also provides debt collection and accounts receivable management for third parties. The debt collection market is estimated to about 1,000 billion euros across Europe, providing significant opportunities for future expansion. The company has approximately 1150 employees.

To learn more, visit www.axactor.com