Upcoming Change of CEO for Bonnier AB

Jonas Bonnier will leave his post as CEO of Bonnier AB at the end of 2013 after six years in the position. The process of finding a successor will begin immediately.

Starting in 2014, Jonas Bonnier will focus on his role as Chairman of the Board for Bonnier Corporation and be based in the U.S.

“During a period marked by huge challenges for the media industry and our companies, Jonas Bonnier has done an excellent job,” says Carl-Johan Bonnier, Chairman of the Board for Bonnier AB. “Not the least of which is his rejuvenation of the management team, an important contribution for the future. Jonas Bonnier has also actively driven the transition to digital business models. It’s heartening to know that Bonnier AB today is actually on sounder financial footing than it has been for a long time.”

“Much has happened since I took over as CEO,” says Jonas Bonnier. “The world has undergone a profound financial crisis and the media industry must adapt to a new reality. Still, the interest in news and entertainment is at record highs and Bonnier has come a long way in reorganizing for tomorrow. With SEK 7.5 billion in liquid assets, Bonnier’s finances are strong as well. It’s a good time for me to hand over the reins.

“For my own part, I’m looking forward to being even more actively engaged as chairman of the board for Bonnier Corporation, our U.S. operations.”

Jonas Bonnier took over as Vice President for Bonnier AB in January 2004 and as CEO for Bonnier AB in January 2008.

For more information:

Carl-Johan Bonnier, Chairman of the Board, Bonnier AB, tel. +46 (0)8 736 40 00
Jonas Bonnier, President & CEO, Bonnier AB, tel. +46 (0)8 736 40 00
Bodil Ericsson Torp, VP Communications and Human Development, Bonnier AB, tel. +46 (0)8 736 4366