– UK, London – CLS Holdings PLC (LON: CLI), announces that Lennart Sten is to become independent Non-Executive Chairman with effect from 14 August 2019, after the publication of the Group’s half-year results, following receipt of notice from Henry Klotz of his intention to retire as Executive Chairman and Director of the Company on that date.
Mr Sten was appointed to the Board on 1 August 2014 and will continue to serve as a member of the Company’s Remuneration and Nomination Committees.
Sten Mortstedt, Founding Shareholder and Executive Director, said: “Lennart has been an Independent Non-Executive Director for five years and has an extensive property and international public company experience. I am pleased that he has agreed to become independent Non-Executive Chairman, a role for which he is well suited. This change to our Board structure also reinforces our commitment to good corporate governance.
“Henry has dedicated much of his career to the Group, having joined in 1999, and has been a key part of our success. On behalf of the Board, I would like to thank Henry for his loyal service, leadership and wise counsel. We all wish him well in his retirement.”
Lennart Sten, Chairman-elect, said: “I look forward to working closely with the Board and executive team as we implement our strategy for long-term growth. I welcome this opportunity to continue to make a significant contribution to a very successful and well-managed business.”
For more information: https://www.clsholdings.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
