Changes to B&B TOOLS’ management structure

29.11.2012

B&B TOOLS
Changes board/management/auditors

Changes to B&B TOOLS’ management structure

The B&B TOOLS Group is entering a new phase following a period that was marked
by comprehensive change efforts. Moving forward, there will be a sharp focus on
such areas as value-based sales, profitability and customer proximity. With the
aim of enhancing efficiency in the management and review of the operating
activities, and thus making more decisions closer to the customers and
operations, the Board and management of B&B TOOLS have decided to introduce a
new organisational structure with fewer management levels at the highest level
of the Group. Accordingly, as of 1 January 2013, the Group’s operating areas
will report directly to CEO Ulf Lilius and jointly comprise the Group’s
management team. 

As of 1 January 2013, the B&B TOOLS Group’s management team will comprise: the
President & CEO, Chief Financial Officer, the Country Managers for TOOLS in
Sweden, Norway and Finland, the President of TOOLS Momentum, the Presidents of
the Group’s four Business Areas, and the Head of the Group’s Business
Infrastructure Unit. 

The Group’s current Executive Vice President and Chief Operating Officer, Peter
Gustafsson, will leave B&B TOOLS on 31 December 2012. 





Stockholm, 29 November 2012

B&B TOOLS AB (publ)

For further information, please contact:

Ulf Lilius, President and CEO, B&B TOOLS AB, tel: +46 10-454 77 00
Mats Karlqvist, Head of Investor Relations, B&B TOOLS AB, tel: +46 70 660 31 32



B&B TOOLS is required to disclose the above information in accordance with the
Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act
or the regulations for issuers on NASDAQ OMX Stockholm. This information was
submitted for publication on 29 November 2012 at 13:00 p.m.