EOS Russia terminates CEO contract as part of cost cutting measures
As part of a range of cost-cutting measures now being implemented, the Board of
Directors has decided to terminate the employment contract of Ulf-Henrik
Svensson, the CEO of EOS Russia AB. For the time being, Mr Svensson will
continue to manage the day-to-day affairs of the company. The Board of Directors
is now reviewing options for the operational management of the company with a
view to putting in place new permanent arrangements as soon as possible.
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EOS Russia is an investment company headquartered in Stockholm. The overall
objective of the company is to offer attractive returns via investments in the
Russian electricity industry. EOS Russia’s shares have been listed on First
North, a marketplace operated by the Stockholm Stock Exchange, since 25 June
2007. Remium Nordic AB is the Certified Adviser.