Press release2010-12-21

Andreas Sbrodiglia is leaving BRIO

BRIO’s President and CEO, Andreas Sbrodiglia, has decided, in consultation with the Board of Directors, to step down from his position with the company effective year-end. The reason is that the President and the Board have different opinions in regards to various important strategic issues. The Board will immediately begin looking for a successor.

“Andreas Sbrodiglia has been a driving force in the extensive restructuring work BRIO is implementing, and we wish him the best of luck. We are now looking for a successor who can continue the changes that have been introduced and realize the inherent potential of the BRIO brand,” says Chairman of the Board Heikki Takanen.

Peder Zetterberg, who served last fall as an advisor to the company and its management, will take over as acting President on January 1, 2011.

Andreas Sbrodiglia will receive compensation during a twelve-month term of notice, in addition to three months of severance.

Malmö December 21, 2010
BRIO AB (publ)

För ytterligare information, kontakta:
Heikki Takanen, Chairman of the Board at phone +46-479-190 00

BRIO is a Swedish company that develops and sells toys, prams, children’s car seats and children’s furniture. The company was formed in 1884 and is today an international Group with the BRIO, Alga, SIMO and Carena brands. The company has about 300 employees, is represented in over 50 countries and has been listed on the O-list of the OMX Nordic Exchange Stockholm since 1985.
www.brio.net