STOCKHOLM, Sweden, March 25, 2004 (PRIMEZONE) -- The Tornet Board today appointed Christel Armstrong Darvik as the new Managing Director and CEO of Fastighets AB Tornet. Christel Armstrong Darvik will take over from Sverker Lerheden who, as announced earlier, is leaving his post on 31 March 2004.
For the last five years Christel Armstrong Darvik has been Managing Director of Tornet's subsidiary SkansTornet with a well-diversified property portfolio with a book value of approximately SEK 6.4 billion. SkansTornet accounts for about one-third of Tornet's total property portfolio. She joined Tornet in 1998 from her post as Regional Manager at Nordbanken Fastigheter AB.
Chairman of the Board, Mark H. Newman, comments: "We have completed an extensive recruitment process. Christel was found to be the most suitable candidate We are very pleased that she is willing to take on the challenge of leading Tornet into the future."
Pictures available at: http://www.newsonline.nu/imgway/index.asp?pmid=36823
For further information, please contact Mark H. Newman, +44 207 102 1000 Christel Armstrong Darvik, +46 705 42 34 84
About Tornet
Fastighets AB Tornet is one of Sweden's major listed property companies. Its Swedish holding has a lettable area of around 2.8 million square metres and a book value of over SEK 19 billion. Almost 97 per cent of the property holdings, measured as book value, are in Sweden and concentrated in Sweden's six largest cities and in Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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