Carl Eric Stalberg to Become Executive Chairman of ForeningsSparbanken at AGM in 2003; Goran Collert to be Honorary Chairman

STOCKHOLM, Sweden, Sept. 19, 2002 (PRIMEZONE) -- At the Annual General Meeting of ForeningsSparbanken (Swedbank) on April 10, 2003, Goran Collert will step down as Chairman of ForeningsSparbanken. At the same time, at the suggestion of the Nominating Committee, he will be appointed Honorary Chairman. The Nominating Committee has unanimously chosen Carl Eric Stalberg, First Deputy Chairman of the Board of Directors of the bank, as his successor. Stalberg's nomination has the support of all major shareholders.

Carl Eric Stalberg will serve as Executive Chairman. He is therefore leaving his current position as President and CEO of JM AB on January 1, at which time he will join the bank as Executive Vice Chairman of the Bank.

Born in 1951, Carl Eric Stalberg held various leading positions with Sweden's savings banks during the years 1975 - 1996, most recently as Chief Financial Officer of Sparbanken Sverige, where he was responsible for its successful initial public offering.

Goran Collert will serve as an advisor to the new Chairman on issues involving the market, alliances and international contacts.

For further information, please contact: Goran Collert,
phone +46 8 585 910 04 Carl Eric Stalberg, phone +46 8 782 88 33


Carl Eric Stalberg

Born                January 15, 1951, Eskilstuna, Sweden                    
Civil status        Married to Eva, 2 grown daughters                    
Graduate Business   1976, Uppsala

1974-1975           Lasbolaget AB
                    Reorganization work / controller

1975-1986           Gavleborgs Sparbank
1975-82             Miscellaneous management positions
1983-86             CEO

1986-1989           Nya Sparbanken

1990-1992           Sparbanksgruppen AB
                    Deputy CEO and deputy president parent company

1992-1996           Sparbanken Sverige AB
1992-94             Deputy CEO, responsible for Mellansverige
                    (central region Sweden)
1994-95             Deuty CEO / president parent companuy,
                    controller and CFO
1995-96             Deputy CEO / president parent company,
                    controller and CFO
                    Chairman Fastighets AB Tornet
                    In charge of the bank's introduktion to the
                    stock exchange

1996 -              JM AB
                    CEO / president parent company

Others Chairman     Svenska Skidforbundet (Swedish Ski Federation)
                    Deputy Chairman Internationella Skidforbundet
                    (the International Ski Federation)
                    Member of Sveriges Olympiska Kommitte
                    (Swedish Olympic Committee)

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