BOARD OF DIRECTORS AT KÄHRS APPOINTS LARS HÖGLUND AS CEO

With effect from 1 December 2011, Lars Höglund will take over the position of CEO at the Swedish parquet manufacturer Gustaf Kähr. The decision was announced at the end of October by the company’s board, which is headed by Anders Karlsson. Höglund indirectly succeeds Per Skårner, who left the company following conclusion of the restructuring measures implemented in 2010 and the sale in August 2011 of a majority shareholding in the company to the private-equity company Triton Advisers.