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8 March 2010
Scandic announces change of CEO
 Today Scandic announced that Frank Fiskers, who has been CEO at Scandic since 2007, will leave his position after the summer. The process of recruiting a new CEO to Scandic is expected to be finalized during the coming months. Once the new CEO is appointed, Frank Fiskers will join the Board of Directors of Scandic and continue to be an investor in the company.
“We appreciate the significant contributions Frank has made during his three years with Scandic. He rapidly implemented post-Hilton strategies, built up a new and strong management team, and steered Scandic successfully through the down turn in the economy. We respect that Frank has decided to retire from Scandic in connection with him becoming a partner in a hotel real estate investment firm in London. We will now start the process of finding a new high calibre CEO for Scandic, while Frank will stay as CEO until after the summer to ensure that the transition is handled as efficiently as possible”, says Vagn Sørensen, Chairman of Scandic.
“I have had three very exciting years with Scandic and have truly enjoyed heading this wonderful company and its 150 hotels. However, my new role as a hotel investor provides me with an excellent and very interesting opportunity to combine my operational experience with active asset ownership, which will be a future force in our industry”, says Frank Fiskers. “Over the last years we have - with strong support from EQT, the company’s owners - navigated Scandic well through the current downturn and I strongly feel that there is now a solid platform for the company to move forward into better times and reap the benefits of that” adds Frank Fiskers.
CONTACT
Jessica Agert
Media Relations Manager
Phone: +46 8 517 350 13
Email: jessica.agert@scandichotels.com
ORGANIZATION
 Scandic
http://www.scandichotels.com/
Hälsingegatan 40
Stockholm , 102 33
Sweden
Phone: +46 8 517 350 00
RECENT NEWS
Tuesday 15 June 2010 | Scandic, the leading hotel chain in the Nordics, will become the first hotel chain in the world to invest in a completely organic uniform for its team members. The uniform will have its own personality and soul, showing the scope of the new Scandic and making team members proud to wear it.
Monday 12 April 2010 | The new eight-storey hotel will get a prime location, close to the railway station. It will have 207 rooms, including 12 rooms for disabled guests and five rooms with a sauna. At street level there will be a restaurant, lobby bar and three meeting rooms.
Thursday 11 March 2010 | Today, Scandic signed an agreement to purchase Hotel Linnea, Hotel Rivoli and Hotel Salpaus from Next Hotels Finland Oy. The deal also covers an amazing new hotel that will be built in conjunction with the Paasitorni Congress Centre in Helsinki.
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