New Senior Vice President Europe

Jacob Schambye joined Hager Group on 3^rd September as Senior Vice President Europe. He is tasked with leading European sales with a focus on further development of customer centric solutions for residential and commercial markets. His predecessor, Mike Elbers has joined the Board of Directors as Chief Marketing Officer.

Reporting directly to CEO Daniel Hager, Jacob Schambye, will be based at Hager SE headquarters in Blieskastel, Germany. Mr. Schambye is Danish and 48 years old, he graduated with an MSc in Business Administration from Copenhagen Business School and began his career at The Boston Consulting Group. He has occupied various management positions in industrial companies, most recently at Danfoss and Velux, both world-leading manufacturers in the construction sector. He has extensive experience in successfully leading sales and marketing organisations, is well skilled in product management, organisational change and growth strategies, and has built and coached management teams; this previous experience will contribute to Hager Group reaching its ambitions.