Stock exchange release
September 22, 2004
MANAGEMENT CHANGE IN FISKARS BRANDS, INC
MANAGEMENT CHANGE IN FISKARS BRANDS, INC. Bill Denton, President and CEO of Fiskars Brands, Inc., will be resigning as President and CEO of the company. The resignation will become effective upon acceptance by the Board of Directors and he will withdraw from active duties at the end of September. He will however be available at the request of the board in an advisory role for the next two years until his formal retirement. The resignation is in line with the options included in his employment contract. He has been holding the position for the last our years. Jim Purdin, Senior Vice President and Chief Operating Officer will be acting President during a transition period until the Board of Directors makes a final decision on Bill Dentons replacement. Fiskars Brands is the largest subsidiary of Fiskars Corporation and the Net Sales amounted to EUR 600 million in 2003 with 3500 employees of which 60 % in the United States. The Headquarter is located in Madison, Wisconsin. The Chairman of the Board of Directors in Fiskars Brands, Inc. is Heikki Allonen, President and CEO of Fiskars Corporation and the Board also has independent board members, who bring their knowledge of local and international business to the company. Heikki Allonen President & CEO