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Metro International (STO:MTROA) Metro International S.A. ("Metro International"), the international newspaper group, today announced that Frank Mooty, Chief Financial Officer, has decided to leave Metro with effect from the 30 September 2008. Anders Kronborg, currently Chief of Staff, will replace him.
Frank has made significant contributions to Metro International during his tenure helping to develop the new strategy and improving the quality of Metro's financial systems and reporting.
Per Mikael Jensen, CEO, commented: "The Board and I would like to extend our gratitude to Frank for his commitment to the company. He has worked very hard in a focused and dedicated way and has been a very valuable member of the executive team. We wish him all the best for the future."
Frank Mooty will be replaced by Anders Kronborg, currently Chief of Staff at Metro International. Anders has extensive experience from the financial operations of media businesses. Before joining Metro International in December 2007, he served as CFO of Danish Broadcaster TV2. Before this he had numerous executive positions with Danish newspaper Group Berlingske Media A/S, then owned by Orkla Media, including CFO and MD for Berlingske Tidende.
For further information please contact: Per Mikael Jensen, CEO and President tel: +44 (0)20 7016 1300
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ABOUT METRO INTERNATIONAL AND METRO Metro is the largest international newspaper in the world. Metro is published in over 150 major cities in 20 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of over 20 million daily readers. Metro's advertising sales have grown at a compound annual rate of 38% since the launch of the first edition in 1995.
Metro International 'A' and 'B' shares are listed on the OMX Nordic Exchange's Nordic List under the symbols MTRO SBD A and MTRO SBD B.
