TCM Group A/S: Kristian Kemppinen resigns from the Board of Directors of TCM Group
COMPANY ANNOUNCEMENT
No. 31/2018
Tvis, 4 July 2018
Kristian Kemppinen resigns from the Board of Directors of TCM Group
Kristian Kemppinen, Partner in IK Investment Partners, resigns from the Board of Directors of TCM Group as of 5 July 2018. At the same time, board member Anders Skole-Sørensen becomes vice-chairman of the Board of Directors, which consists of five members elected by the annual general meeting.
Kristian Kemppinen's resignation from the Board of Directors is a natural consequence of the fact that IK Investment Partners no longer owns shares in TCM Group. In May 2018, after the end of the lock-up period in connection with the listing of TCM Group in November 2017, IK Investment Partners sold its remaining 19.7% of TCM Group's share capital to a number of institutional investors.
For additional information, please contact:
CEO, Ole Lund Andersen, TCM Group,
About TCM Group
TCM Group is Scandinavia’s third largest manufacturer of kitchens and furniture for bathrooms and storage. The products are Danish design, produced in Denmark and rooted in a proud tradition of good quality and good craftsmanship. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis, Nettoline and kitchn. Combined, the brands cater for the entire price spectrum, and are sold through c. 125 dealers in Denmark and the rest of the Scandinavia. In addition, TCM Group sells private label kitchens through DIY stores in Denmark and independent kitchen stores in Norway. See for more information.
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