Aritco Group AB appoints new CEO

As announced in the end of last year, Tommy Löwbäck, CEO of Aritco Group AB will retire during 2017.

The Board of Directors are happy to announce Martin Idbrant as the new CEO of Aritco Group AB.

Martin has a solid track record, most recently as Senior Vice President of Sales & Marketing at Fläkt Group. Prior to this, Martin has 13 years of experience from the Hilti Group in various global management positions.

Tommy Löwbäckhas worked for the company since 2008 and has been a key contributor to the success of Aritco. We are grateful for his accomplishment and thank Tommy for his dedication, drive and delivered results through the years, says Björn Lenander, Board of Directors, Artico Group AB.

Martin will take over the role from May 2^nd, 2017. We wish him a warm welcome to Aritco.

Kungsängen, Stockholm, March 23^rd, 2017

Aritco Group AB

Björn Lenander, Chairman Board of Directors,

For further information, please contact:

John Löwbäck, CEO Aritco Lift AB, +46 70-422 45 84

David Schill, Marketing Director Aritco Lift AB, +46 73-501 93 42

Björn Lenander, Chairman Board of Directors, Aritco Group, +46 70-819 47 36