STOCKHOLM, Sweden, April 30, 2004 (PRIMEZONE) -- Following the departure of Sverker Lerheden as CEO of Tornet on 1 April 2004, Mr. Lerheden and Goran Collert have informed the Chairman of the Board, Mark H. Newman, of their resignation from the Board of Directors of Tornet today.
"Both Mr. Lerheden and Mr. Collert have delivered long and faithful service to the company and its shareholders for which we are grateful. Mr. Lerheden will continue to be available to the Board of Directors and senior management in his role as a consultant to the business," Mr. Newman commented.
The nomination committee will announce its proposal for a new Board of Directors in time for the annual general meeting, scheduled for June 28, 2004.
Danderyd, 30 April 2004 Fastighets AB Tornet (publ)
For further information, please contact Mark H. Newman, Chairman of the Board, +44 207 102 1000
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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