26 June 2020, 16:00 CEST

Axactor Group

Stock notice

Johnny Tsolis appointed CEO of Axactor SE

The Board of Directors of Axactor SE announces that acting CEO Johnny Tsolis has been appointed permanent CEO effective immediately. He has previously been CFO and Head of Strategy and M&A at Axactor, and part of the core-management team since the start in December 2015.

“Johnny is well known to all of our stakeholders, know the team and the company, its client base and our market. He has an in-depth understanding of what is needed to succeed in our business”, says Glen Ole Rødland, Chairman of Axactor. “The company has historically been focusing on growth and achieving critical mass. We are now entering a new phase for the company where return on capital, profitable growth and start returning cash to shareholder will be key priorities. The board believe Mr. Tsolis has the right profile and experience to lead the company from being one of the fastest growing companies in our industry to become one of the most profitable companies in our business.”

Johnny Tsolis has a broad international background and brings with him more than 13 years of experience from the debt collection industry, including being co-founder of Axactor.

“I am highly motivated to lead Axactor as we build on our strong foundation and drive improved performance and innovation across the group together with our 1150 talented employees, the Board and our funding partners” says Johnny Tsolis, CEO at Axactor. “Profitability, return on capital and value creation for all stakeholders will be my top priority for the years to come.”

For additional information, please contact:

Glen Ole Rødland, Chairman of the Board
Mobile phone: +47 907 41 662
Email: glen.ole.rodland@vikenfiber.no

About Axactor
Axactor Group is a next-generation debt management company operating in Norway, Sweden, Finland, Germany, Spain and Italy with an ambitious European growth strategy. Axactor acquires and collects on own portfolios of non-performing loans and also provides debt collection and accounts receivable management for third parties. The debt collection market is estimated to about 1,000 billion euros across Europe, providing significant opportunities for future expansion. The company has approximately 1150 employees.