Wilhelm Sonesson Recruits New President from Pharmaceuticals Industry


MALMO, Sweden, March 6, 2002 (PRIMEZONE) -- The Board of Directors of Wilh. Sonesson AB has appointed Anders Sjoholm new president, effective in conjunction with the Annual General Meeting on April 24, 2002, following notification to the Board that Greg Dingizian desires to resign his position. Greg Dingizian will remain on the Board and work with other operations outside the core area of health products.

Sjoholm, 43, holds a B.A. degree from Lund University and has worked within the pharmaceuticals industry for 20 years, in Sweden and internationally.

During the 1980s and 1990s, Sjoholm held sales and marketing positions within Lederle Pharmaceuticals, Hafslund Nycomed Group, and international assignments in Asia and Europe within the Pharmacia Group.

Within Pharmacia, Sjoholm has held various executive positions since 1995, including Vice President Marketing & Sales Worldwide for the largest OTC product Nicorette. During 1998-2000, he served as Vice President Global Marketing and was responsible for all marketing within Pharmacia Consumer Healthcare. Most recently, Sjoholm served as president of a medical-technology development company.

"Greg Dingizian has done a good job with the refocusing of Wilh. Sonesson toward becoming a streamlined health products company. In the future, he will be responsible for divestment of the other operations. We are now entering a build-up phase, with increased demand for industry expertise and documented experience of developing new products and new markets as well as building a strong brand. It will be exciting and educational to work with Anders Sjoholm, with the aim of, within a few years, becoming one of the Nordic region's leading companies in the growth area of consumer healthcare," said Board Chairman Bo Hakansson.

Wilh. Sonesson offers health products that satisfy a growing consumer demand. Health products comprise pharmaceuticals, naturopathic preparations, dietary supplements, and related personal care products.

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