Delayed Oslo Bors - 04/17 01:05:27 pm

Kid : CFO Resignation

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06/29/2018 | 09:31 am

Lier, 29 June 2018: Chief Financial and Strategic Officer, Petter Schouw-Hansen,
has decided to leave his position after 7.5 years with Kid to pursue
opportunities in Gjelsten Holding AS. He will continue in his current position
until a new CFO is in place and a successful handover is completed. Kid will
immediately initiate a recruiting process for a new CFO. Mr. Schouw-Hansen holds
32.258 shares in Kid ASA as of 29thJune 2018.

"After 7.5 years in the company, I have decided that the time is right for a
career change to take on new challenges and broaden my perspective on other
companies and industries. Based on our longstanding business relationship, I
shared this information with the major shareholder and we found a solution where
I can achieve these goals as a part of the Gjelsten Holding team, while ensuring
a flexible transition as well as continuity of my involvement in Kid. I would
like to thank all employees, the management group and the board of directors for
an outstanding period in the company," says Petter Schouw-Hansen.

"I would like to thank Petter for his commitment to Kid. He has been an
important contributor to the company's success throughout the value chain,
especially in business development and in establishing efficient routines and
work flows across departments, as well as during the IPO process. We will
immediately start searching for a new CFO. Based on Kid's industry leadership,
growing market share, strong profitability and being a publicly traded company,
I am confident that this position will be attractive for strong candidates ",
says Kjersti Hobøl, CEO.

For more information, please contact:

Kjersti Hobøl, +47 91 83 59 65
Petter Schouw-Hansen, +47 48 22 45 34

Click here for more information:

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