New SAS president and CEO

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Mr. Rickard Gustafson, appointed SAS' new president and CEO (photo from SAS)

The Board of Directors of SAS AB has appointed Rickard Gustafson as the new President and CEO of SAS (Scandinavian Airlines System). Gustafson is 46 years old and currently the CEO of the insurance company Codan/Trygg-Hansa, according to a press release issued by the airline.

“Rickard Gustafson is an experienced leader, with extensive international experience, who has demonstrated that he can generate good results. As the current CEO of Codan/Trygg-Hansa, he has Nordic responsibility, and also has broad experience of strategy development, marketing and process optimisation from both Codan/Trygg-Hansa and GE Capital. The entire board agrees that Gustafson is the right person to take on the challenges in SAS, and to continue the implementation of the Core SAS strategy and ensure profitable growth,” says Fritz Schur, chairman of the SAS Board.

Rickard Gustafson is a graduate engineer, with a focus on industrial economy, from the Institute of Technology at Linköping University. He is married and a father of two.

“SAS is a special and unique Scandinavian company. A great deal has been accomplished in recent years to create a platform for the future. I look forward to developing the company further, together with all employees at SAS,” says Mr. Gustafson.

The current President and CEO, Mats Jansson, will leave his position on October 1, 2010. Rickard Gustafson will assume his position at SAS not later than March 2011. Until then, the Deputy CEO, John Dueholm, will be acting President and CEO.

Photo: Mr. Rickard Gustafson, appointed SAS’ new president and CEO (photo from SAS)