Gunnar Reitan to leave SAS

Gunnar Reitan, Executive Vice President of SAS and head of the business area Individually Branded Airlines, will leave his position on August 15, 2007, at his own request.

Gunnar Reitan has been employed at SAS since 1988, and has held several senior positions, including the position of SAS Group CFO from 1993 to 2002. He was also responsible for the Group’s hotel operations and Chairman of Rezidor SAS until the stock-exchange listing of the company in November 2006.

Gunnar Reitan has been a member of SAS Group Management and Executive Vice President since 1993, as well as Acting CEO during the period August-December 2006.

“I want to thank Gunnar for fulfilling the role of Acting CEO during the second half of 2006 in a commendable manner. With his solid experience, he held the operations together with a steady hand and ensured that we did not lose pace in our strongly competitive industry,” says Mats Jansson, President and CEO.

“Gunnar has also been a key person in the Group in terms of building up our airlines in markets outside Scandinavia, particularly in the Baltic States.
I wish Gunnar Reitan the best of luck with his new challenges in the business sector.”

Gunnar Reitan comments:
“I have had interesting and challenging assignments for many years in SAS Group Management. I look back on this time with satisfaction and appreciate the many rich experiences, particularly in the international arena. Now when I am leaving the SAS Group, I want to wish the operation and its many skilled employees the best of luck on the their journey in an exciting and challenging industry.”

Responsibility for the business area Individually Branded Airlines will rest with the CEO in future.

For further information, please contact

Hans Ollongren, Senior Vice President – SAS Group
+46 8 797 1950 eller +46 70 997 1950
hans.ollongren@sas.se

SAS Group Corporate Communications