Rockwool — Board/Management Information 2017

Feb 24, 2017

Hedehusene, Denmark, 2017-02-24 08:11 CET (GLOBE NEWSWIRE) --

Release no. 2 – 2017
To Nasdaq Copenhagen

ROCKWOOL International A/S
Hovedgaden 584, Entrance C
DK?2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
Danish CVR no: 54879415

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24 February 2017

ROCKWOOL International A/S Announces Changes in the Board of Directors

The Board of Directors of ROCKWOOL International A/S announced today that Bjørn
Høi Jensen has communicated his decision not to stand for re-election at the
Annual General Meeting on 5 April 2017.

“When I accepted the Chairmanship three years ago, I set myself three key
objectives,” states Mr. Høi Jensen. “I established that I would review and
renew the management group; ensure the design and roll out of a new strategy
for expansion and profitable growth, and introduce an extensive improvement in
results. Now this foundation is fully in place and the goals have been met,
even earlier than planned. After eight years on the Board, I feel that it is
the right time for me to step down to pursue other interests. I have enjoyed my
involvement with the ROCKWOOL Group and I remain a committed supporter of the
company. I am convinced that we will see even more successful performance in
the years ahead.”

Bjørn Høi Jensen took over the Chairmanship of the ROCKWOOL International A/S
Board on 9 April 2014.

“We understand and support Bjørn´s decision to step down”, states Carsten
Bjerg, First Deputy Chairman. “We have benefited a great deal from his guidance
during the transformation and we wish him well in his future endeavours.”

“The Board is extremely thankful for Bjørn´s leadership over the past three
years”, adds Søren Kähler, Second Deputy Chairman, “both as Chairman and since
he was elected to the Board in 2009, he has offered extensive experience and
insights into general management, corporate governance and financial matters
that have proven to be of great value to the company´s new course”.

The Board of Directors will at the upcoming Annual General Meeting propose to
the shareholders to elect Henrik Brandt as new Chairman of the Board of
ROCKWOOL International A/S. Henrik Brandt has been the CEO and President of
Royal Unibrew A/S since November 2008.

“The Board of Directors is convinced that with the nomination of Henrik Brandt
the continuity in the direction of the Board and the support to the Group
Management as well as the further execution of the strategy is ensured,”
confirms Carsten Bjerg, First Deputy Chairman.

Henrik Brandt, a Danish national age 61, is a M.Sc. in Economics and Business
Administration and holds an MBA from Stanford University, California. He has
widespread international experience from several senior positions in large
corporations and is an active member in the Board of numerous organisations.

Furthermore, the Board also received communication that Lars Frederiksen, a
member of the Board since 2014, has decided not to seek re-election at the
upcoming Annual General Meeting. Mr. Frederiksen has chosen to place his
attention on other positions of responsibility held outside of the ROCKWOOL
Group.

“Lars has been an engaged and committed member of the Board and we are pleased
to have had his experience working with listed companies, available to us
during the past two years of transformation,” states Søren Kähler.

The Board of Directors will at the upcoming Annual General Meeting propose to
the shareholders to elect Jørgen Tang-Jensen, CEO of Velux A/S as a replacement
member of the Board. Jørgen brings a long term experience from the building
materials industry and a vast understanding of corporate governance due to his
active role in several organisations.

The Board of Directors.

     Further information:
     Jens Birgersson
     President & Chief Executive Officer
     ROCKWOOL International A/S
     +45 46 55 80 75