NEW CEO AT TYTEX

Today the Board of Directors announced the new CEO of Tytex A/S, Mr. Jan Dam.

Mr. Jan Dam takes over the position after Mr. Mogens Rüdiger, who has left Tytex after four years of dedicated work. During Mr. Rüdiger’s leadership, the profitability of Tytex has increased and a number of important changes have been made to prepare Tytex for the future.

Mr. Jan Dam has had an extensive international career both in leading commercial positions as well as a CEO within a number of different industries. His latest position was as the CEO of Veksoe and TTS – subsidiaries of the Danish energy corporation NRGI.

Mr. Dam started his career in the Danish toy company Lego, where he held various international positions with increasing responsibility. He then moved on to become Chief Marketing Officer at HB Textil, a company focused on international sales of branded and OEM hosiery and underwear.

In all of his positions, Mr. Dam has delivered excellent results based on customer focus and deep international understanding.

The Board of Directors welcomes Mr. Jan Dam as CEO and at the same time thanks Mr. Mogens Rüdiger for his contribution to the company.

Ikast, 19 May 2015
Christian Joergensen
Chairman of the Board
Tytex A/S