Stefan Hedelius resigns as Note's CEO

"We’re very satisfied with what Stefan achieved with Note in his term as CEO, and regret his decision to leave the company. But at the same time, we’re delighted that the transition can be handled in good order, firstly by Stefan completing a number of ongoing processes during the spring and summer, and secondly because thanks to his current seat on the Board, Per has rapidly accumulated thorough knowledge of the company, and is closely familiar with current activities," commented John Hedberg, the Chairman of Note’s Board of Directors. "In recent years, Note has secured status as a clear leader in its market segment, and the company is stronger now than when I took up my position. Rather than any conflict, my decision to leave is because I and the Board have concluded that we have differing views on future priorities. That’s why it’s the right time for me to hand over to someone else. The way this is being achieved convinces me that Note’s positive progress will continue," commented Stefan Hedelius. "Stefan has taken the company successfully to increased profitability through measures including cost control and implementing a strong commercial strategy. I’m looking forward to continuing this progress jointly with the rest of group management," added Per Ovrén. Per Ovrén joins Note from the group management of Northern European car dealership and servicing provider Bilia AB, where he heads up business development, sourcing and business control. Stefan Hedelius will put his services at the disposal of the company until 15 September for the transition to Per Ovrén and to complete a number of ongoing projects and activities.