Mats Jansson to leave SAS this fall

The President and CEO of SAS, Mats Jansson, has decided to leave SAS

this fall after four years with the company. The company's Board of

Directors will now look for a suitable successor.

"Next year, I turn 60 and that is also when my contract expires. I

believe that I have done my share for SAS. There are still great

challenges to come for SAS, but the platform is in place. The Core SAS

strategy, including extensive cost-savings, has been established, the

financial platform has been secured through the latest rights issue, SAS

has gained strength in terms of our products, and customer satisfaction

has increased. The company is now well positioned to face the future,"

says Mats Jansson

"The time therefore feels right for a new President and CEO to take over

and continue to further strengthen SAS' competitiveness and secure its

profitable growth," says Mats Jansson.

"My decision to leave the company was not easy. It has been four

exciting and demanding years to run a company in such a dynamic sector,

where no two days are the same. I have received strong support from the

Board, the management team and, in particular, from all the SAS

employees, who do a fantastic job and who have truly given their all to

SAS during this highly critical and financially difficult situation,"

says Mats Jansson.

Chairman Fritz Schur, who heads the Board's efforts to identify a

successor to Mats Jansson, comments:

"During the past four years, Mats has worked exhaustively day and night

to lead SAS through a difficult period. His efforts have been

tremendous, both quantitatively and qualitatively. However, during

recent weeks I have understood that he has been contemplating whether or

not it would be the right decision for himself, as well as the company,

to remain onboard while SAS enters the next phase. We are thus in the

process of recruiting a new President and CEO for SAS."

SAS Group HR & Communication

For further information, please contact:

SAS Group media hot line +46 8 797 2944

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