Henri de Sauvage-Nolting has informed the Board of Directors of Cloetta AB that he wishes to resign from his position as President and CEO of the company. He will remain in his role until September 1, 2024. The Board of Directors will now initiate the recruitment of a new President and CEO.

Henri joined Cloetta as President and CEO in February 2017. During his time at the helm, Cloetta has moved its strategy from primarily acquisition-driven growth with SEK 6bn in net sales to organic growth with the most recently reported rolling-12-month net sales exceeding SEK 8bn, all achieved by growing its existing brands and geographies. Profit developed from SEK 600m in 2017 to close to SEK 800m in the corresponding most recently reported rolling-12-month period and leverage improved.