• Sweden's news in English

SAS CEO to step down

Peter Vinthagen Simpson · 10 Aug 2010, 08:23

Published: 10 Aug 2010 08:23 GMT+02:00

Facebook Twitter Google+ reddit

"Next year, I turn 60 and that is also when my contract expires. I believe that I have done my share for SAS," Jansson wrote in a company press release on Tuesday.

The board has begun the search for a suitable replacement for Jansson, who has held the position since January 2007.

SAS has faced significant financial challenges for a number of years in the face of competition from low cost carriers such as Norwegian and Ryanair as well as the impact of the global economic slowdown and Icelandic ash cloud. Massive savings and austerity programmes have been carried out and new billions have been attained from owner rights issues on a number of occasions.

"My decision to leave the company was not easy. It has been four exciting and demanding years to run a company in such a dynamic sector, where no two days are the same. I have received strong support from the Board, the management team and, in particular, from all the SAS employees, who do a fantastic job and who have truly given their all to SAS during this highly critical and financially difficult situation," said Mats Jansson.

Chairman Fritz Schur will lead the work to identify a successor.

"During the past four years, Mats has worked exhaustively day and night to lead SAS through a difficult period. His efforts have been tremendous, both quantitatively and qualitatively. However, during recent weeks I have understood that he has been contemplating whether or not it would be the right decision for himself, as well as the company, to remain onboard while SAS enters the next phase."

Story continues below…

In April the firm announced a loss of 972 million kronor ($135 million) for the first quarter 2010, slightly lower than the 979 million kronor the firm posted in the corresponding period of 2009.

SAS is majority owned by the governments of Sweden, Denmark and Norway although the Swedish government announced in February its intention to prepare the sale of its 21.4 percent stake. Jansson said in March that the airline would be better off sold or merged with another airline.

Peter Vinthagen Simpson (news@thelocal.se)

Facebook Twitter Google+ reddit

Your comments about this article

09:53 August 10, 2010 by krow
SAS needs rebranding. You cannot be flying almost empty planes because of the high price. Take a lesson from norwegian airline. We need a CEO with common sense. Happy Retirement
10:57 August 10, 2010 by rba
As long as they offer their low-cost service for high-price tickets I'm going to keep avoiding them as much as possible.
11:11 August 10, 2010 by Beavis
Totally agree with the above 2 comments.

Its the first positive thing this guy has done since taking over. The new ceo needs to chop heads from the top, instead of the bottom, as the board are obviously overpaid and useless.If they want to compete they need to offer competitive prices, decent timetables and safer aircraft.
12:53 August 10, 2010 by Twiceshy
S = stay

A = away (from)

S = scandinavia

I am a Platinum Medallion with both Delta and CO and fly all the time to Scandinavia. I will never, ever, set foot on a SAS plane. Why. They do not reward their frequent flyers! SAS has the worst program in the air!

If they want money from business class spenders they need a program that will motivate flyers to get on and stay on their "metal"!
13:07 August 10, 2010 by aaww

i think you are right. i used to be silver with SAS, they bumped me up to business once, when i started to be a gold member with them, i started to get nothing from them, they would rather leave biz seat empty than upgrade gold members, they don't even bother to give free sandwich to gold members on short haul flight in europe. this is bad management.

at the same time, their business class just isn't fancy enough to attract people.
01:10 August 15, 2010 by GLO
I am sorry. I wish ALL Airlines would offer GOOD SERVICE,GOOD FOOD, Well Dressed Polite Staff, Good Conections, Fixed Prices for short periods. Screw the Dumb @ss Promotions. Lets get a well run operation or try a cab co.
01:37 August 17, 2010 by CardinalRuler
Most of you probably remember many meanings for SAS. None perhaps more memorable than "Same As SABENA" Who is SABENA? My point exactly. Merge or perish.
Today's headlines
Hundreds protest Swedish asylum laws
Around 1,000 people protested in Stockholm. Photo: Fredrik Persson/ TT

Hundreds of people on Saturday demonstrated in Stockholm and in many other parts of the country to protest Sweden’s tough new laws on asylum-seekers.

Dylan removes Nobel-mention from website
The American musician has more or less responded to the news with silence. Photo: Per Wahlberg

American singer-song writer Bob Dylan has removed any mention of him being named one of this year’s Nobel Prize laureates on his official website.

Refugee crisis
Asylum requests in Sweden down by 70 percent
Sweden's migration minister Morgan Johansson. Photo: Christine Olsson/TT

Sweden received 70 percent fewer requests for asylum in the period between January and September 2016 than it did during the same time last year, the country’s justice and migration minister Morgan Johansson has revealed.

The unique story of Stockholm's floating libraries
The Stockholm archipelago book boat. Photo: Roger Hill.

Writer Roger Hill details his journeys on the boats that carry books over Stockholm's waterways and to its most remote places.

Refugee crisis
Second Stockholm asylum centre fire in a week
The new incident follows a similar fire in Fagersjö last week (pictured). Photo: Johan Nilsson/TT

Police suspect arson in the blaze, as well as a similar incident which occurred last Sunday.

More misery for Ericsson as losses pile up
Ericsson interim CEO Jan Frykhammar presenting its third quarter results. Photo: Claudio Bresciani/TT

The bad news just keeps coming from the Swedish telecoms giant.

Facebook 'sorry' for removing Swedish cancer video
A computer displaying Facebook's landing page. Photo: Christine Olsson/TT

The social media giant had censored a video explaining how women should check for suspicious lumps in their breasts.

Watch this amazing footage of Sweden’s landscapes
A still from the aerial footage of Sweden. Photo: Nate Summer-Cook

The spectacular drone footage captures both Sweden's south and the opposite extreme, thousands of kilometres north.

Sweden could be allowed to keep border controls: EU
Police ID checks at Hyllie station in southern Sweden. Photo: Stig-Åke Jönsson/TT

Sweden could be allowed to keep ID controls on its border with Denmark beyond the current end date of November, following discussions among EU leaders in Brussels last night.

Why women in Sweden will work for free by November
File photo of a woman working in a Swedish office. Photo: Anders Willund/TT

A new study into the gender pay gap suggests Sweden still has some work to do.

Sponsored Article
This is Malmö: Football capital of Sweden
Fury at plans that 'threaten the IB's survival' in Sweden
Sponsored Article
Where is the Swedish music industry heading?
Here's where it could snow in central Sweden this weekend
Analysis & Opinion
Are we just going to let half the country die?
Blog updates

6 October

10 useful hjälpverb (The Swedish Teacher) »

"Hej! I think the so-called “hjalpverb” (auxiliary verbs in English) are a good way to get…" READ »


8 July

Editor’s blog, July 8th (The Local Sweden) »

"Hej readers, It has, as always, been a bizarre, serious and hilarious week in Sweden. You…" READ »

Sponsored Article
7 reasons you should join Sweden's 'a-kassa'
Angry elk chases Swede up a lamp post
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
The Local Voices
'Alienation in Sweden feels better: I find myself a stranger among scores of aliens'
People-watching: October 20th
The Local Voices
A layover at Qatar airport brought this Swedish-Kenyan couple together - now they're heading for marriage
Sponsored Article
Stockholm: creating solutions to global challenges
Swede punches clown that scared his grandmother
Sponsored Article
Swedish for programmers: 'It changed my life'
Fans throw flares and enter pitch in Swedish football riot
Could Swedish blood test solve 'Making a Murderer'?
Sponsored Article
Top 7 tips to help you learn Swedish
Property of the week: Linnéstaden, Gothenburg
Sponsored Article
How to vote absentee from abroad in the US elections
Swedish school to build gender neutral changing room
People-watching: October 14th-16th
Sponsored Article
'There was no future for me in Turkey'
Man in Sweden assaulted by clowns with broken bottle
Sponsored Article
‘Extremism can't be defeated on the battlefield alone’
Nobel Prize 2016: Literature
Sponsored Article
Stockholm: creating solutions to global challenges
Watch the man who discovered Bob Dylan react to his Nobel Prize win
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Record numbers emigrating from Sweden
Sponsored Article
'There was no future for me in Turkey'
People-watching: October 12th
Sponsored Article
Where is the Swedish music industry heading?
The Local Voices
'Swedish startups should embrace newcomers' talents - there's nothing to fear'
Sponsored Article
Last chance to vote absentee in the US elections
How far right are the Sweden Democrats?
Property of the week: Triangeln, Malmö
Sweden unveils Europe's first elk hut
People-watching: October 7th-9th
The Local Voices
Syria's White Helmets: The Nobel Peace Prize would have meant a lot, but pulling a child from rubble is the greatest reward
Missing rune stone turns up in Sweden
Nobel Prize 2016: Chemistry
jobs available