SAS President and CEO to Leave Company

The President and CEO of SAS, Mats Jansson, has confirmed that he will leave SAS this fall after four years with the company. The company's Board of Directors are now looking 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," said 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."

Chairman Fritz Schur, who heads the Board's efforts to identify a successor to Mats Jansson, said, "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."

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