“I am happy to welcome Lars to Karnell. He brings expertise and well-honed operational and financial skills together with a strong track-record of delivering results and I am convinced he will be an excellent CFO for Karnell. I look forward to developing the business with Lars”, says Petter Moldenius, CEO of Karnell.

Lars has previously held roles as interim CFO at Zostera AB, Group Financial Controller at Tobii AB, Finance Manager at Oscar Properties and was previously an Authorized Public Accountant with KPMG. Lars has a Master of Science in Business and Economics from Lund University. He is currently working as an IPO consultant at Yubico AB.

“Karnell is a professional company with a proven business model, and I am delighted to join Karnell at this exciting time. I look forward to working with Petter and the team to drive Karnell’s progress and deliver on its strategic agenda”, says Lars Neret.

For further information please contact:

Petter Moldenius, CEO at Karnell Group AB (publ), phone: +46 8 545 891 00

Or visit our website: www.karnell.se

Karnell is a long-term and active owner of small- and medium sized industrial technology companies in the Nordics. We actively support the management of our companies in growing and developing the businesses we invest in. We have a perpetual investment horizon, thereby providing entrepreneurs and family-owned companies a responsible and long-term partner to continue the development of their businesses. Today, Karnell is the majority owner of nine companies in Sweden and Finland and plans to list the group.