SAS - Board/Management Information 2014

Change in SAS Group Management

Executive Vice President and COO Flemming Jensen will leave SAS in May

2015 to assume the position of CEO for DSB A/S.

- I have valued my collaboration with Flemming Jensen. Through his

more than 25 years at SAS, he has made a great contribution to the

business, and I am sorry that he has decided to leave SAS. Having said

that, I have great respect for his decision and am pleased that we at

SAS can deliver truly competent leaders for challenging CEO positions in

other companies, says Rickard Gustafson, SAS President & CEO.

Flemming Jensen has been with SAS since 1989 when he joined as pilot.

Since 2008, he has held a number of leading positions within SAS, of

which the last three years as Executive Vice President and COO.

- This has not been an easy decision, says Flemming Jensen. I'm

extremely happy to be working for SAS, which is also the reason that I

have been with the business for such a long time. SAS is a fascinating

company with great people. However, the opportunity to use my experience

in a role as CEO to contribute to developing DSBs business, is a

challenge I could not resist.

SAS has commenced the process to replace Flemming Jensen, who will

continue as COO until May next year.

For further information please contact SAS on +46 8 797 2944

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