PER MIKAEL JENSEN APPOINTED NEW CEO AND PRESIDENT OF METRO
The board of Metro International S.A. ("Metro International"), the world's largest global newspaper, has appointed Per Mikael Jensen as the new CEO and President of Metro International. Per Mikael will join the company on 1st of November 2007. Mr Jensen is currently Chief Executive Officer of TV2 Denmark, Denmark's largest free-to-air TV channel. Prior to joining TV 2 Denmark he was the Global Editor-in-Chief of Metro International.
"The Board of Directors is delighted that Per Mikael Jensen will be joining Metro International as CEO. He brings a long and broad experience from the media industry, a strong commitment to creating unique and successful content and a recent track record of improving profitability in TV2 Denmark," comments Dennis Malamatinas, Chairman of Metro International.
Mr Jensen, born in 1962, holds a degree in journalism from the Denmark School of Journalism. He has had a 21-year career in the media industry including management positions with the Danish newspapers Politiken, Jyllandsposten and MetroXpress (subsidiary of Metro International), as well as Global Editor-in-Chief of Metro International and CEO of TV2 Denmark.
TV 2 Denmark is a state owned public service channel. It is the leading free-to-air TV channel in Denmark comprising 6 TV-channels, a national radio station and extensive on-line businesses. TV 2 Denmark has approximately 950 employees and an annual turnover of USD 355 million.
"I am thrilled to re-join Metro International, which I believe is one of the most interesting media companies there is. Metro is a young company, with many young and talented employees and strong positions in a number of large advertising markets. It has significant potential to further develop its position," comments Per Mikael Jensen.
Pelle Törnberg will leave his position as CEO and President on the 31st of July, 2007. Metro International's Chief Operating Officer Chris Spalding will act as interim CEO and Dennis Malamatinas will assume the role of Executive Chairman until 1st of November 2007.
For further information, please visit www.metro.lu or contact:
Dennis Malamatinas, Chairman of the Board tel: +44 (0)20 7016 1300
Birgitta Henriksson, Brunswick Group, IR Contact tel: +46 (0) 708 12 86 39
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest and fastest growing international newspaper in the world. Metro is published in over 100 major cities in 21 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of over 20 million daily readers. Metro International's advertising sales have grown at a compound annual rate of 41% since the launch of the first edition in 1995.
Metro International 'A' and 'B' shares are listed on the OMX Nordic Exchange's Nordic List under the symbols MTRO SBD A and MTRO SBD B.