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"After 18 years within Gränges, of which the last 8 years as CEO, Johan has chosen to take on another position. Johan is an appreciated leader who has made a powerful contribution to Gränges' development to a strong position. We want to thank him for his good achievements and look forward to further cooperation until 1 August, and also wish Johan good luck in his new role," says Fredrik Arp, Chairman of the Board, Gränges AB.

"After a long, eventful and very stimulating period, it has been a difficult decision to make, but I am also looking forward to moving on to new challenges in a new position. Gränges is a fantastic company with great future potential. I will continue to lead the organization with a strong commitment until 1 August," says Johan Menckel, President and CEO, Gränges AB.

The work to appoint a successor to Johan Menckel has started.

For further information, please contact:
Fredrik Arp, Chairman of the Board, Gränges AB
Tel: + 46 708 20 70 00

Johan Menckel, President and CEO, Gränges AB
[email protected],Tel: +46 8 459 59 00

The information in this press release is such that Gränges must disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on Wednesday 13 January 2021, at 11.00 CET.

About Gränges
Gränges is a leading global supplier of rolled aluminium products for heat exchanger applications, speciality packaging and niche markets. In materials for brazed heat exchangers Gränges is the global leader with a market share of approximately 20 per cent. The company develops, produces and markets advanced materials that enhance efficiency in the customers' manufacturing process and the performance of the final products. The company's geographical markets are Europe, Asia and the Americas with production facilities in all three regions and a total annual capacity of 560,000 metric tonnes. Gränges has 2,400 employees and net sales of SEK 13.5 billion. The share is listed on Nasdaq Stockholm. More information on Gränges is available at www.granges.com.

Granges AB is a supplier of rolled aluminium products for heat exchanger applications and other niche markets. The company's customers are in the automotive industry, the HVAC industry, and niche markets such as specialty packaging. It has five production facilities located in Sweden, China and the United States. It has competence centers for research and innovation in connection to the production facilities. It generates revenue by selling advanced material manufactured for specific customers and applications in long-term contracts.