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Schibsted ASA (SCHA/SCHB) - Karl-Christian Agerup elected Schibsted Board Chair

05/04/2022 | 06:59am EDT
4.5.2022 12:58:32 CEST | Schibsted | Non-regulatory press releases

Karl-Christian Agerup was elected Board Chair at Schibsted's Annual General
Meeting, 4 May, replacing Ole Jacob Sunde who in April announced his decision to
retire after two decades as Chair.

Agerup has had a long tenure on the Schibsted Board, starting as deputy
representative for owner Tinius Nagell-Erichsen in 2003. He then served as Board
Member until 2013, and again from 2020, and has accordingly been a significant
contributor to Schibsted's two-decades journey of growth and value creation.
During this period, Schibsted has created the world's largest online classifieds
group in Adevinta, pioneered the transition from print to digital news media,
multiplied its own market capitalization several times, and grown an
international reach of 1 billion consumers every month. 

Karl-Christian Agerup states:
"I am proud and humbled for being asked to carry forward Schibsted's legacy as
Board Chair. Schibsted and Schibsted's products reach more than 8 million people
every day and our brands are making a difference in securing transparency and
helping all our users make informed decisions. I am optimistic about Schibsted's
prospects for strengthening our presence in our markets by being innovative and
by utilising our strengths across all our markets and brands. To me, Schibsted
is one of the most important companies in the Nordics and I welcome the
opportunity to serve all of Schibsted's stakeholders."

Kristin Skogen Lund, CEO of Schibsted, states:
"Karl-Christian has been a highly valued member of the Schibsted Board through
several of our most defining periods as a company. I am very confident in his
ability to help protect and grow both our results and our relevance, and look
forward to working with him and the new Board."

Karl-Christian Agerup also serves as an alternate member on the Board of the
Tinius Trust, owner of Blommenholm Industrier AS.

The Schibsted Annual General Meeting also elected Rune Bjerke as Deputy Chair,
as well as new board members Satu Kiiskinen and Hejle?ne Barnekow.

CONTACTS

 * Atle Lessum, Director of Schibsted Group Communications, +47 415 05 645,
   atle.lessum@schibsted.com 
 * Jann-Boje Meinecke, VP, Head of Investor Relations, +47 941 00 835,
   jbm@schibsted.com 

ABOUT SCHIBSTED

Schibsted is a family of digital brands with a strong Nordic position, and more
than 5,000 employees. Millions of people enjoy interacting with our companies
every day through our online marketplaces such as FINN, Blocket and Oikotie; our
media houses including Aftenposten, VG and Aftonbladet; and digital services
like Lendo. We also help new promising businesses grow. Our joint mission of
empowering people in their daily lives is rooted in the values of our media
heritage and a legacy of bold change. At our best, we are a fearless force for
change in a society built on trust and transparency. 

Schibsted is listed on Oslo Børs and has a sizable investment in Adevinta, a
company that was spun off and publicly listed as a separate company on Oslo Børs
in 2019.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/1406/1922/Download%20announcement
%20as%20PDF.pdf

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
ADEVINTA ASA 10.06% 76.55 Real-time Quote.0.00%
SCHIBSTED ASA 6.37% 172.1 Real-time Quote.-49.40%
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Net income 2022 175 M 185 M 185 M
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Yield 2022 0,16%
Capitalization 8 950 M 9 441 M 9 441 M
EV / Sales 2022 6,70x
EV / Sales 2023 5,69x
Nbr of Employees 8 100
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