Rederi AB Transatlantic appoints Tom Ruud to Board as new Managing Director

– SWEDEN – The Board of Directors in Rederi AB TransAtlantic (STO:RABTB) has decided to appoint Tom Ruud as new managing director of the company with immediate effect. Tom Ruud replaces Henning Jensen who has requested to the RABT Board of directors that he would like to vacate the position as managing director of RABT.

Henning Jensen remains as a board member in Rederi AB Transatlantic.

Tom Ruud is a board member of the largest shareholder in Rederi AB TransAtlantic, Kistefos AS since 2010. In February 2014 Tom Ruud will be appointed Group CEO of Kistefos AS. Most recently, Tom Ruud was a member of the executive management of the Norwegian investment company Umoe-group. Before that he was a member of the executive management in Nordea Bank AB (publ), Group President and CEO of Christiania Bank og Kreditkasse and held varied positions in the Aker Norcem Group of which five years as Group President and CEO. Tom Ruud has held the following board positions: board member in Euroclear SA/PLC Brussels, chairman of Orkla ASA, board member of Christiania Bank og Kreditkasse, board member of Aker RGI ASA and chairman of Aker Maritim ASA, board member in Scandcem AB, vice chairman of Partek AB Oy, board member of Storebrand ASA, board member of Saga Petroleum ASA and board member of EUROC AB.

The Board of Directors in Rederi AB Transatlantic would like to take the opportunity to thank Henning Jensen for his contributions to RABT since his appointment on 31 December 2011.

Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe. The company is organized into two business areas: Industrial Shipping and Viking Supply Ships. The company has about 850 employees and the turnover in 2012 was MSEK 3,274. The Industrial Shipping business area consists of three divisions: Container, RoRo and Bulk. The company’s B-shares are listed on the NASDAQ OMX Stockholm, Small Cap segment.

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