SAS — Board/Management Information 2010

Sep 16, 2010

Rickard Gustafson new President and CEO of SAS

Rickard Gustafson new President and CEO of SAS

The Board of Directors of SAS AB has appointed Rickard Gustafson as the

new President and CEO of SAS. Rickard Gustafson is 46 years old and

currently the CEO of Codan/Trygg-Hansa.

"Rickard Gustafson is an experienced leader, with extensive

international experience, who has demonstrated that he can generate good

results. As the current CEO of Codan/Trygg-Hansa, he has Nordic

responsibility, and also has broad experience of strategy development,

marketing and process optimization from both Codan/Trygg-Hansa and GE

Capital. The entire Board agrees that Rickard Gustafson is the right

person to take on the challenges in SAS, and to continue the

implementation of the Core SAS strategy and ensure profitable growth,"

says Fritz Schur, Chairman of the Board of SAS.

Rickard Gustafson is from the insurance and financial sectors and joins

SAS from a position as CEO of the insurance company Codan/Trygg Hansa.

He is a Graduate Engineer, with a focus on industrial economy, from the

Institute of Technology at Linköping University. He is married and has

two children.

"SAS is a special and unique Scandinavian company. A great deal has

been accomplished in recent years to create a platform for the future. I

look forward to developing the company further, together with all

employees at SAS," says Rickard Gustafson.

The current President and CEO, Mats Jansson, will leave his position on

October 1, 2010. Rickard Gustafson will assume his position at SAS not

later than March 2011. Until then, the Deputy CEO, John Dueholm, will be

acting President and CEO.

SAS discloses this information pursuant to the Swedish Securities Market

Act and/or the Swedish Financial Instruments Trading Act. The

information was provided for publication on September 16, 2010 at 8:00

a.m CET.

SAS Group HR & Communication

[image]

Rickard Gustafson, previous experience

· President and CEO, Codan/Trygg-Hansa, Copenhagen/Stockholm, from

2006

· President of GE Capital European Equipment Finance Nordic and

European Marketing Director, GE Capital, Stockholm, 2001-2006

· President of e-Business Europe, GE Capital Corp, London, 2000-2001

· Vice President Strategic Planning, GE Capital Global Consumer

Finance, Stamford, Connecticut, 1999-2000

· COO for Scandinavia and General Manager GE, Capital Bank Sweden, GE

Capital Bank, Stockholm 1996-1999

· Consultant and Experienced Manager, Andersen Consulting, Stockholm

1989-1996

Please visit

http://sas.bildhotellet.se/fotoweb/ (http://sas.bildhotellet.se/fotoweb/

) for high resolution images.

For further information, please contact

Elisabeth Manzi, Director Media & Public Relations, +46 70 997 48 93 or

SAS Group's Press Service: Tel: +46 8 797 29 44