Extract from Family-Owned Watchlist

The below story was originally featured in our Weekly Family-Owned Watchlist update - a part of M&A Insights. Selected stories, including this one, are posted to our website with a few weeks of delay.
SGN Group hires external CEO
September 25, 2020
129,220
Revenue (EUR 000')
-2,343.0
EBITDA (EUR 000')
-3.3%
3Y Sales CAGR
Finland
Country
Wholesale
Industry
Sam Nieminen
Key Shareholder ("KS")
50
Age of KS (estm.)
Ownership and Board of Directors
Next generation's role
The industrial conglomerate SGN has announced that Ilkka Brander will become new CEO of the Group, the first external CEO of the family-firm. The new CEO has extensive experience in the field of trade in both consumer and wholesale trade. Current CEO and main owner Sam G. Nieminen (55y) will continue on the Group`s BoD. The company also stated that all of SGN`s ten business areas will be profitable in 2020, which includes sports and leisure products, and agricultural and industrial machinery i.a.
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