Dag Sundstrom takes over as CEO of Teleca


MALMO, Sweden, July 1, 2004 (PRIMEZONE) -- Dag Sundstrom today took up his post as president and CEO of the Teleca group. Consequently the board has decided that acting CEO Dan Olofsson will return to his post as chairman of the board. Konstantin Caliacmanis will therefore leave the post of chairman to become deputy chairman.

Teleca is an international IT services company focused on R&D that develops and integrates advanced software and information technology solutions. With in-depth expertise in the latest technology and profound industrial knowledge, Teleca helps technology- and software-intensive customers worldwide to strengthen their market position and shorten their time to market. The company has more than 2,900 employees with operations in 15 countries in Asia, Europe and USA. Teleca is quoted on the Attract40 list of Stockholmsborsen (Stockholm stock exchange). www.teleca.com

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