NY CFO


15/02-2018 20:59:46: (AXA) Johnny Tsolis new CFO in Axactor

Axactor AB has appointed Johnny Tsolis as new CFO of the Axactor Group. He comes
from the position as EVP Strategy & Projects in Axactor. "Axactor is now in a
phase where a solid financial platform and a strong strategic partner is in
place. As we have communicated to the market, our focus is shifting from fast
growth to increased efficiency and maximum effect from our internal operations.
Few people know the Axactor operations better than Johnny Tsolis, and I am
positive that he will be an excellent CFO who can take us to the next level",
says Endre Rangnes, CEO of Axactor.

Johansen joined the company in January 2016 and we would like to thank Geir for
his great contribution as our CFO during the start-up period. Geir has been
vital in a period where we have built a strong financial organization in
Axactor, renegotiated our terms with the banks, established a solid financial
platform and reached an agreement with a long-term strategic partner". We would
like to thank Geir for his efforts and contribution and wish him best of luck in
his future endeavors, says Endre Rangnes.

Tsolis is one of the founders of Axactor and has been part of the
core-management team of the company since the start in December 2015. He has
more than 10 years of experience from the debt collection industry, and has
extensive experience as a financial advisor and M&A specialist in advisory firms
like, Cardo Partners, Handelsbanken and Arkwright. He holds an MBA from BI
Norwegian Business School.


For additional information, please contact:
Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Email: endre.rangnes@axactor.com

About Axactor
Axactor Group specializes in both Debt Collection and Debt Purchasing across
several countries, with operations in Italy, Germany, Norway, Sweden and Spain.
The company has a Nordic base and an ambitious Pan-European growth strategy,
which targets the market for non-performing loans (NPL) in Europe. This market
is estimated to be about 1,500 billion euros across Europe providing significant
opportunities for Axactor's future expansion. Axactor has approximately 900
employees.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=444500

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