Olov Sandberg, who together with Lars Stenlund founded Vitec Software Group in 1985, will leave his operational role in Vitec Software Group and retire from work. Olov will unchanged remain as one of the main owners of the company. The COO Patrik Fransson will succeed Olov Sandberg as IR-Officer from February 27 2017.
Physicists Olov Sandberg and Lars Stenlund founded the company in the mid-1980s in order to develop software for energy saving calculations on a personal computer. Both Lars and Olov has a background from the University of Umeå but towards the end of the 1990s, the business had grown and an IPR was made on AktieTorget in spring 1998. In summer 2011, the company changed its trading to NASDAQ OMX Nordic. From 2017 Vitec Software Group is listed on Nasdaq Stockholm in the Mid Cap segment.
For more information, please contact
Lars Stenlund, CEO, Vitec Software Group AB (publ) tel. +46 70 659 49 39
Olov Sandberg, former IR-Officer of Vitec, tel. +46 70 552 56 51
Patrik Fransson, COO and new IR-Officer of Vitec, tel. +46 76 942 85 97
This information is of such a kind that Vitec Software Group AB (publ.) is legally required to disclose pursuant to the EU's Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at 10:00 CET on Friday, February 27, 2017.
Press Release - Vitec appoints Patrik Fransson as new IR-Officer
Vitec Software Group AB (publ) is a Nordic software company that develops and delivers standardised software for industry specific needs. The Group has operations in Sweden, Denmark, Finland and Norway and grows in the mature part of the software industry by consolidating vertical software segments. Our customers include facility management companies, construction and real estate companies, banks and insurance companies, utilities and energy traders, healthcare companies, car spare part dealers and waste management companies . The Group has 500 employees and had 2016 a turnover of SEK 675 million. Vitec is listed on Nasdaq Stockholm.
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