Commenting on Ms. Dargužaitė’s appointment, Lars Ohnemus, the Chairman of the Board of Northern Horizon said:

Ms. Dargužaitė brings extensive international investment management and operational experience, having held a number of senior leadership roles at Goldman Sachs and Barclays. She also has a broad perspective on regional and global trends from her work at top levels of government. Moreover, she comes to the position with deep knowledge of Northern Horizon having served on its Board previously.

“Northern Horizon is a great company with an experienced management team and immense growth potential. I look forward to taking on the role of leading the Group through its next stages of development”, – says Ms. Dargužaitė.

“We know Milda from her time on the Group’s Board of Directors and are confident that the team will benefit tremendously from her leadership”, – says Michael Schönach. “After over five years as Group CEO, I look forward to giving more focus on building our social assets platform where we have had significant success in recent years and where we see further megatrend-driven growth potential.” In addition to chairing the Group’s Investment Committee, Mr. Schönach will continue to manage the Nordic Aged Care Fund.

Milda Dargužaitė will assume the new position May 15, 2018.