ITAB - Anders Moberg is proposed as member of ITAB Shop Concept’s Board of Directors

Anders Moberg is proposed as member of ITAB Shop Concept’s Board of Directors

3/8/2011 3:40:00 PM

The Nomination Committee of ITAB Shop Concept (publ) will propose to the Annual General Meeting on May 5 2011, Anders Moberg as member of the Board of Directors.

Anders Moberg has an extensive international experience in the retail industry and is, in our opinion, one of those with the best knowledge of how the industry has and will develop in the future, particularly in an international perspective.

Anders has recently played an important role in ITAB’s introduction of EasyFlow – the world's first fully automated checkout that identifies products without use of the product's barcode.

Anders past experiences and positions include:

IKEA International - President and CEO 1986-1999

The Home Depot - Group President International 1999-2002

Royal Ahold - President and CEO 2003-2007

Majid Al Futtaim Group - CEO 2007-2008

Anders Moberg has, amongst others, the following commissions today:

Clas Ohlson AB (Chairman), DFDS A / S, Husqvarna AB, Byggmax, Ahlstrom Corporation, Hema BV, ZetaDisplay AB, Biva A / S (Chairman)

Anders Moberg is since 2009 an adjunct professor at Copenhagen Business School

Anders Moberg has recently purchased 150 000 B shares in ITAB Shop Concept AB.

For further information, please contact:

ITAB Shop Concept AB  
CEO Ulf Rostedt  
Phone:  +46 36 31 73 00

CFO Magnus Olsson
Telefon: +46 36 31 73 00
Mobil: +46 70 544 47 89
Box 9054, SE-550 09 JÖNKÖPING    
Phone: +46 [0]36 31 73 00 

ITAB supplies complete shop interiors for general and trade retailers. The company’s operations comprise project management, design, development, manufacture and sales. Besides shop fittings, predominantly in wood and metal, the range of concepts on offer also includes shop equipment and in-house developed products. ITAB Shop Concept had a turnover during 2010 of SEK 2, 747 million and at the turn of the year ca. 1.500 employees.