The current CFO, Mats Lönnqvist, will continue until April 1, 2011, to ensure efficient handover of assignments and responsibilities.

"I was recruited for a specific assignment in December 2008, which is now about to be concluded," says Mats Lönnqvist. SAS' financial platform is secure, it was delivered according to the CoreSAS cost program, and at the presentation of results for 2010, we were able to report that our underlying operation is now profitable and there are prerequisites for achieving a positive result in 2011. Consequently, I believe it's natural to hand over now that SAS is moving into a new phase."

"I have worked with Mats Lönnqvist for only a short period but I can see that he was a central player in bringing SAS through a difficult period and creating a stable base," says Rickard Gustafson, President and CEO of SAS. "Mats has done a magnificent job. I regret but respect his decision to leave the company now, and I am also happy that we have found such a competent successor as Göran Jansson."

Göran Jansson is 52 years old, a graduate in business administration from Stockholm University and previously an authorized public accountant. He joins us from various consulting and Board assignments.

"Göran Jansson is an experienced CFO, with extensive background from several industries and listed companies. He has solid commercial experience from management assignments in international companies, including CFO and Deputy CEO of Assa Abloy for nearly 10 years," says Rickard Gustafson.

"SAS is quite a unique company. In the past years, significant work was done to create a platform for the future. I look forward to contributing further to this effort and ensuring SAS' long-term profitability and success in cooperation with the Group's management and employees," says Göran Jansson.