Axfood

Simone Margulies will from 15 August 2024 succeed Klas Balkow as President and CEO of Axfood. Simone has been working in different roles within the Axfood Group during eight years and has been a member of Axfood's Executive Committee for four years. Currently, she is Managing Director of Hemköpskedjan AB, which consists of Hemköp and Tempo, and prior to that her role was Deputy CEO of Axfood's purchasing and logistics company Dagab. In total, Simone has more than 18 years of experience in food retail.

- Following a comprehensive recruitment process, I am very happy to announce that Simone Margulies is assuming the role as President and CEO of Axfood. Simone is a passionate and engaged leader with a strong commercial drive and a focus on employees, customers and the business. She has extensive experience from food retail and knows Axfood well after her eight years in the Group. She is the right person to continue to develop Axfood for the future, together with the team, says Axfood's Chairman of the Board Thomas Ekman.

- It is with great joy and humbleness that I take on the role as President and CEO of Axfood. There is so much capacity within the entire Axfood Group, and my role will be to create the necessary conditions for the organisation to continue to develop the business and deliver on the large development programs that we are carrying out. I am very much looking forward to being a part of and writing the next chapter in Axfood's history, says Axfood's appointed President and CEO Simone Margulies.

To facilitate the best possible handover, Axfood's current President and CEO Klas Balkow will be available until year-end 2024. The recruitment process for Simone's successor in the role as Managing Director of Hemköpskedjan is initiated immediately.

The information herein is such that Axfood AB (publ) is required to make public in accordance with
the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person listed above, at 8:10 a.m. CET on 17 April 2024.

This document is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern.