UPPLANDS VASBY, Sweden, May 25, 2004 (PRIMEZONE) -- KMT's present CFO Torbjorn Backstrom will leave the group at year-end after he has been active in the company for more than three years.
"I have more or less on a daily basis been travelling between Skelleftea and Stockholm over a period of three years. We have chosen to stay in Skelleftea and it is now time to spend more time with the family," Torbjorn Backstrom said.
"KMT is in an exciting developing phase and the ambition is to expand even more on the international market. We are now in the process of finding a successor with an industrial profile with a broad international experience. I expect this process to be completed during the summer," KMT's CEO, Lars Bergstrom, says.
At the end of 2003 KMT acquired a larger business in USA which broadens the groups offer. Over 80 per cent of KMTs business is done abroad and the market in China becomes more important.
For more information: Lars Bergstrom, President and CEO of Karolin Machine Tool AB Telephone: +46 8-594 211 50 or e-mail: lars.bergstrom@kmt.se
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