There’s a new man in charge of the world’s largest cigar and pipe company, Scandinavian Tobacco Group (STG) has announced that Niels Frederiksen will succeed Anders Colding Friis effective March 1. Friis announced last year that he would be departing the company, which is the parent of both General Cigar Co. and the large retailer Cigars International, late last year. The announcement came shortly after news broke that STG, which is a partnership between Swedish Match and Skandinavisk Holding A/S, was headed towards a public offering. Frederiksen joined Skandinavisk Holding A/S in 1999, a press release indicated that he “has headed commercial activities, supply chain and all staff functions.” His LinkedIn profile currently lists him as the executive vice-prsident for STG, a role he has held since April 2013. Earlier today, Swedish Match reiterated that STG is continuing to look into a initial public offering. STG was formed in October 2010, merging Swedish Match’s cigar and pipe business, which included both General Cigar Co. and Cigars International, with Skandinavisk Holding A/S, which owned CAO and a variety of other brands in the mass market, roll-your-own and pie categories. Skandinavisk Holding A/S assumed 51 percent of the new venture, while Swedish Match received 49 percent and $30 million ...
↧