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New CEO for Stena Line

Press release   •   Nov 21, 2012 16:23 GMT

Gunnar Blomdahl steps down after 10 years -

STENA Line's CEO, Gunnar Blomdahl, will be finishing after 10 years in the role on January 1 next year.

Carl-Johan Hagman, who currently has responsibility for all shipping operations in the Stena Group, has been appointed as the new CEO of the company.

Gunnar Blomdahl took over as Stena Line's CEO in 2003. During the years with Gunnar as CEO, Stena Line has developed into one of the world's largest ferry companies and has seen its most profitable years. The company has invested around £1.1bn in new tonnage and geographic expansion, e.g. through the acquisition of Scandline's five Baltic routes a few months ago.

"I have been the Chief Executive Officer for 10 years and it is time for a new CEO to take over and continue the development of Stena Line," Gunnar Blomdahl says. "I will now continue in the Stena Sphere, including positions on the boards of the Ballingslöv Group, Stena Recycling and Stena Technoworld."

Commenting on the change in CEO, Stena AB's Chief Executive Officer, Dan Sten Olsson, said:
"I am very pleased with Stena Line's development under Gunnar's leadership and over the past year, the company improved its result by £27.5M. Apart from this, Gunnar has led the work with continuous improvements, development and expansion in an extraordinary way and he leaves Stena Line in a very good condition."

Carl-Johan Hagman (46) will take over as CEO with effect from January 1. Since autumn 2011, he has been responsible for the Stena Group's shipping operations, which include Stena Line. Carl-Johan will continue to hold this position in the Stena Group in the future.

Carl-Johan Hagman commented: "Stena Line is one of the linchpins in Stena AB. The company's strategy remains in place and our continuous efforts to offer comfortable, cost-effective and environmentally efficient ferry transport, to both private travellers and industry, will continue. I would like to congratulate Gunnar on successfully leading the company through a sometimes volatile period and thank him for handing over a very well managed company."

As a consequence of this change, Carl-Johan Hagman will relinquish the role as Chairman for Stena Line and Dan Sten Olsson will once again take on this role.

(ends)

MEDIA ENQUIRIES: For further information please contact Kate Ferguson of Duffy Rafferty Communications on Belfast (028) 9073 0880.

Stena Line operates the biggest fleet and the widest choice of routes between Ireland and Britain with an extensive route network including Belfast to Cairnryan, Belfast to Liverpool, Dun Laoghaire to Holyhead, Dublin Port to Holyhead and Rosslare to Fishguard.

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