Sanist?l A/S appointed Claudio Christensen as new CEO as per January 1, 2022. He replaces Christian B. Lund, who steps down today. CFO Uffe Iversen will lead the company in the transition period. The outlook for 2021 is downgraded as Christian B. Lund?s contractual remuneration in the transition period will be expensed in 2021. Claudio Christensen is 55 years old and serves as Vice President heading IBM?s European Digital Sales division. He has been an independent member of Sanist?l?s Board of Directors since 2019 and has comprehensive knowledge of the wholesale and service industries from a former position as Executive Vice President, Sales and Marketing, in Solar. Christian B. Lund has been a member of Sanist?l?s Executive Management since 2001 and was appointed CEO in 2004. Following his appointment as CEO, Claudio Christensen steps down as member of the Board of Directors of Sanist?l as per January 1, 2022, and a new member will be proposed for election to the Board of Directors at the Annual General Meeting in March 2022. In addition to Claudio Christensen, the Executive Management of Sanist?l is comprised of CFO Uffe Iversen.