Södra names PostNord CEO Lars Idermark as new group president and CEO

VAXJO, Sweden , December 11, 2012 (press release) – Södra's executive committee has named Lars Idermark as the new Group President and CEO. Lars Idermark is currently the CEO of PostNord.

"Lars Idermark is a person with outstanding experience of various elements of trade and industry, and he has a good insight into the cooperative form of business. He has many years of experience in senior positions, and he is well equipped to lead Södra," said Christer Segerstéen, Chairman of the Södra Board.

Lars Idermark is currently the President and CEO of PostNord, Chairman of Swedbank and a board member of the Chalmers University of Technology Foundation. Lars Idermark has previously held positions as Group President and CEO of Kooperativa Förbundet/Coop, President of the Second Swedish National Pension Fund, Acting Group President of the Capio healthcare group and Deputy CEO and acting CEO of Föreningssparbanken (Swedbank), and before that Föreningsbanken.

Lars Idermark is very familiar with Södra: he has been a member for many years and he also served on the Södra Board of Directors from 1999 to 2009. His experience of agricultural cooperative operations also goes back a long way: in addition to his duties at Södra, he was also the CEO of LRF Holding.

As Lars Idermark has a six-month notice period in his present job, when he will be able to take up his new position is unclear as yet. Gunilla Saltin will continue in her position as Acting Group President and CEO until then.

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