Announcement – President AXEL US Feb 1, 2025

I am pleased to announce that Geoffrey (Geof) Colpitts has been appointed as Interim-President for Axel Americas and Axel Royal, effective as of February 1.

Geof has been working with Axel US since early 2024 as a consultant from The Persimmon Group to drive operational improvements.

Catarina Rockstrand who has been Acting President for AXEL US thereby returns to her role as Group CFO for the AXEL Group. In addition, Fredrik Ahlström who has been Acting Vice President for AXEL US returns to his role as Group Purchasing Manager. They will both continue to support Geof.

Geof brings extensive experience leading small and large organizations in U.S. government service and the private sector. His most recent position prior to consulting with The Persimmon Group was as president of two companies providing worldwide contracted solutions for the U.S. federal government. Prior experiences include a 30-year career in the U.S. Navy culminating as a senior officer with major command. Geof holds a Bachelor of Science in Political Science from the University of Oklahoma.

“Over the last year I have gotten to know the people at Axel U.S., and I cannot be more excited about the future. The AXEL U.S. leadership team is dedicated to success as we focus on creating quality in everything we do.” says Geoffrey Colpitts.

Yours Sincerely,

Axel Christiernsson International AB

Peter Lagerlöf

CEO