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Press <strong>release</strong><br />

CEO of Vest-Wood A/S Group retires.<br />

27 April 2007<br />

Asbjørn Berge, CEO of Vest-Wood A/S, has announced his intention to retire<br />

from <strong>the</strong> executive board of Vest-Wood A/S, <strong>the</strong> Danish-based door<br />

manufacturing group. He has played a significant role in <strong>the</strong> construction of<br />

<strong>the</strong> Vest-Wood Group and has been employed in <strong>the</strong> Group for 24 years.<br />

Mr. Berge started his career in <strong>the</strong> Group in 1983 and in 1986 he became a<br />

shareholder in <strong>the</strong> company. In 1990 he joined Vest-Wood’s executive board<br />

and since 2002 has served as <strong>the</strong> CEO for <strong>the</strong> Group.<br />

Asbjørn Berge has informed <strong>the</strong> board of directors that he wishes to reduce his<br />

workload gradually and will continue as CEO during a period of transition and<br />

until a new CEO assumes full responsibility for <strong>the</strong> Group 1 July 2007.<br />

Mr. Berge stated: ”It has been an incredibly exciting and worth-while<br />

development that I have gone through with Vest-Wood. At <strong>the</strong> same time I<br />

must admit that my working life has filled most of my time, and I have a wish<br />

to get more private time, which will be possible now. ”<br />

Mr. Berge will also continue to assist <strong>the</strong> Group in <strong>the</strong> completion or transition<br />

of various current projects.<br />

Dan Malicki, Door Group President of <strong>JELD</strong>-<strong>WEN</strong>, inc., which acquired Vest-<br />

Wood A/S in February of 2006, commented that Mr. Berge’s contribution to <strong>the</strong><br />

Vest-Wood Group through <strong>the</strong> years, has been significant, playing a key role in<br />

<strong>the</strong> Group’s market growth and status in <strong>the</strong> market. We thank Asbjørn for his<br />

many years of dedicated service with Vest-Wood, and particularly for his<br />

leadership since becoming part of <strong>the</strong> <strong>JELD</strong>-<strong>WEN</strong> Group.<br />

With Mr. Berge’s retirement from day to day activities, <strong>the</strong> remaining executive<br />

management team, which has served <strong>the</strong> company for many years, will<br />

continue in place with expanded responsibilities.<br />

Jens Bach Mortensen, a 13-year senior manager and currently <strong>the</strong> Chief<br />

Operations Officer and a member of <strong>the</strong> company’s Executive Board, will<br />

become <strong>the</strong> Group’s CEO effective July 1.<br />

Ole Madsen, a 12-year senior manager and currently <strong>the</strong> Chief Financial Officer<br />

and a member of <strong>the</strong> company’s Executive Board, will continue in <strong>the</strong> capacity<br />

of CFO and become a Senior Vice President with expanded corporate<br />

administration responsibilities.


The Group’s executive management team will be rounded out with Christian<br />

Frisk, who has been with Vest-Wood for 8 years. He currently serves as Chief<br />

Commercial Officer and a member of <strong>the</strong> company’s Executive Board. He will<br />

continue in <strong>the</strong> capacity of CCO and become a Senior Vice President with <strong>the</strong><br />

Group.<br />

“While it is always challenging to see a longtime leader make <strong>the</strong> decision to<br />

retire, we are fortunate to have in place such a strong Executive Management<br />

team, talented and promotable Group Directors and a strong overall<br />

organization,” stated Mr. Malicki.<br />

For fur<strong>the</strong>r questions please contact Asbjørn Berge, +45 40734465 or Jens<br />

Bach Mortensen, +45 20962800.<br />

Vest-Wood A/S<br />

Dan Malicki,<br />

Door Group President, <strong>JELD</strong>-<strong>WEN</strong>, inc.<br />

Member of Supervisory Board, Vest-Wood A/S

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