The Group’s Board appoints the Managing Director of the parent company, who is also the CEO. The MD is responsible for the ongoing supervision of the Group and other members of Group management report directly to him. As of 2012, the Group management consists of: MD, Chief Financial Officer, Chief Buying Officer, Regional Manager North America, Operating Segment Manager Corporte Promo Northern Europe, Corporate Legal Counsel and Internal Auditor. The MD is responsible for the other operating segments.
Group management is responsible for formulating the Group’s general strategy, corporate governance, policies, financing activities, capital structure and risk management. They also deal with matters relating to acquisitions and projects involving the Group as a whole.