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Torbjørn Wist to Leave His Position as CFO of SAS

SAS AB (publ) (SAS) today announces that CFO Torbjørn Wist has given notice that he will leave the company in September 2020 to take on the role as CFO of Wallenius Wilhelmsen. SAS has initiated the process of finding his successor and Wist will continue in his current role during his notice period, or until a successor is in place.

– I would like to thank Torbjørn for his contribution over the last few years. Although I regret Torbjørn is leaving I do understand and respect his decision. We will immediately start the process to recruit a new CFO for SAS, says Rickard Gustafson.

– This has not been an easy decision given the current market turmoil, but this is a result of a process that started well before Covid-19 became a global issue. Let there be no doubt that my one and only priority in the coming months is to help ensure SAS’ continued role as a critical infrastructure provider in Scandinavia, says Torbjørn Wist.

SAS has made the decision to temporarily halt most of its traffic starting Monday, March 16 until there are yet again conditions to conduct commercial aviation.

SAS is forced to temporary work reductions which comprises up to 10 000 employees, which is equivalent to 90 percent of the total workforce. The reductions will be implemented through all parts of the operation, according to national regulations.

SAS is carrying out these measures for the purpose of return to normal operation as soon as possible.

“We will be at the disposal of the authorities to on their behalf take home stranded citizens or maintain infrastructure important to society, as far as possible,” said in the statement.

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