Nelly Group — Board/Management Information 2012

Mar 12, 2012

Management changes

Press release,
Malmö,
12 March 2012

CDON Group AB, the leading e-‐commerce group in the Nordic region today announced changes to the management team.

Martin
Edblad,
Chief
Financial
Officer at
CDON Group
AB,
and
Peter
Rosvall, Chief
Executive
Officer
at Nelly.com and
Members.com and
responsible
for
the
fashion
segment,
have
decided
to
leave
the
Group
in
order
to
set
up
an
e-‐commerce
consultancy.
Both
Mr
Edblad
and
Mr Rosvall
have
agreed
to
remain
in
their
current
positions
for
up
to
six
months until successors
have
been
appointed
and
the
hand
over
of
their
responsibilities
has
been
completed.
The
Group
will
immediately
initiate the
recruitment
process
to
identify
their
successors.

Paul
Fischbein,
President
and
CEO
of
CDON
Group,
commented: "I would
like
to
thank
Martin
and
Peter
for
their
contributions
to
CDON
Group.
Their
knowledge
and
enthusiasm
has
helped
CDON
Group's
development
from
being
an
online
store
to
becoming
the
leading,
publicly
listed,
e-‐commerce
group
in
the
Nordic
region.
I
would
like
to
wish
them
all
the
best
in
their
new
venture."

***

For further information, please visit www.cdongroup.com, or contact:

Investor
and
analyst
enquires: Paul
Fischbein,
President
and
Chief
Executive
Officer

Phone: +46
(0)
107
032
000

Media
enquires:

Fredrik
Bengtsson,
Head
of
Communications Phone: +46
(0)
700
807 504 E-‐mail:
press@cdongroup.com

About CDON Group

CDON Group
is
the
leading
e-‐commerce
group
in
the
Nordic
region.
Established
in
1999,
the
Group
has
continuously
expanded
its
product
portfolio
and
is
now
a
leading
e-‐commerce
player
in
the
Entertainment
(CDON.COM,
BookPlus.fi,
Lekmer.com),
Fashion
(Nelly.com, Heppo.com,
Members.com),
Sport
&
Health
(Gymgrossisten.com,

Bodystore.com)
and
Home
&
Garden
(Tretti.com
and
Rum21.se)
segments.
The
group
reported
revenues
of
SEK
3.4 billion
for
the
full
year
2011.
CDON
Group
is
listed
on
the
NASDAQ
OMX
Stockholm
Mid-‐cap
list
under
short
name
CDON.

The
information
in
this
announcement
is
that
which
CDON
Group
AB
is
required
to
disclose
under
the
Securities
Markets
Act.
This
information
was
released
for
publication
at
08:00 CET on
12 March 2012.