XXL ASA announces that the employment agreement with CEO Freddy Sobin has been terminated with immediate effect. The Company is pleased to announce that Nicholas Fox is engaged as interim CEO. Mr. Fox has more than 18 years of experience in various managerial capacities in the retail and sports industry, most recently as managing director of Sports Directory, and he serves on the board of directors of Kangol, LLC and Hudson Holding.
This announcement is made pursuant to Euronext Oslo Rule Book 2.
ABOUT XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden and Finland. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.