Mats Jansson to leave SAS this fall

The President and CEO of SAS, Mats Jansson, has decided to leave SAS this fall after four years with the company. The company’s Board of Directors will now look for a suitable successor.“Next year, I turn 60 and that is also when my contract expires. I believe that I have done my share for SAS. There are still great challenges to come for SAS, but the platform is in place. The Core SAS strategy, including extensive cost-savings, has been established, the financial platform has been secured through the latest rights issue, SAS has gained strength in terms of our products, and customer satisfaction has increased. The company is now well positioned to face the future,” says Mats Jansson

“The time therefore feels right for a new President and CEO to take over and continue to further strengthen SAS’ competitiveness and secure its profitable growth,” says Mats Jansson.

“My decision to leave the company was not easy. It has been four exciting and demanding years to run a company in such a dynamic sector, where no two days are the same. I have received strong support from the Board, the management team and, in particular, from all the SAS employees, who do a fantastic job and who have truly given their all to SAS during this highly critical and financially difficult situation,” says Mats Jansson.

Chairman Fritz Schur, who heads the Board’s efforts to identify a successor to Mats Jansson, comments:

“During the past four years, Mats has worked exhaustively day and night to lead SAS through a difficult period. His efforts have been tremendous, both quantitatively and qualitatively. However, during recent weeks I have understood that he has been contemplating whether or not it would be the right decision for himself, as well as the company, to remain onboard while SAS enters the next phase. We are thus in the process of recruiting a new President and CEO for SAS.”

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