STOCKHOLM, Sweden, June 9, 2005 (PRIMEZONE) -- The Board of Directors of Trelleborg AB has appointed Peter Nilsson, currently president of the Trelleborg Engineered Systems business area, as the new president and CEO of the Trelleborg Group. He succeeds Fredrik Arp, who is leaving the Trelleborg Group after nearly seven years as CEO. Peter Nilsson will assume the post on October 1, 2005.
"With his international experience and expertise regarding the company, Peter Nilsson is the right person to further develop the Trelleborg Group," says the Chairman of Trelleborg AB's Board, Anders Narvinger, commenting on the appointment. "Peter's experience of operations in markets important to Trelleborg, such as Asia, combined with his ability to translate applications know-how and customer needs into growth is precisely what the Trelleborg Group needs," states Narvinger.
Peter Nilsson, who is 38 years old and has an M. Sc Eng. degree, has considerable international experience of both production and sales in an industrial environment. Peter has been employed by the Group since 1995, in two different business areas and in various posts, with general responsibility for operations in Europe, North America and Asia. During the past two years, he has been responsible for one of the Group's most expansive business areas, constantly improving its profitability. Peter Nilsson has been a member of Trelleborg's Senior Management team since 2003.
In co-determination negotiations, the trade-union organizations have expressed their support for the appointment.
After having successfully steered the repositioning process that has resulted in today's focused industrial group, current president, Fredrik Arp is leaving Trelleborg to become the president of the Volvo Car Corporation. He will also be leaving his assignment as member of the Board of Trelleborg.
Further information can be obtained from Trelleborg's Senior Vice president, Corporate Communications, Mikael Bystrom, +46 (0) 410-670 37, 0708-552169, or Trelleborg's Vice President, Corporate Communications Viktoria Bergman, on +46 410-670 94 or +46 708-47 57 33.
A high-resolution photograph of Peter Nilsson is available at www.trelleborg.com, in the image archive under Press Room.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group has annual sales of approximately SEK 23 billion, with about 22,000 employees in 40 countries. The Group comprises five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been quoted on the A list of the Stockholm Stock Exchange since 1964.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=106124&fn=wkr0010.pdf