STOCKHOLM, Sweden, April 15, 2005 (PRIMEZONE) -- Goran Bernhoff resigned today from his position as President and CEO of Pergo AB.
"During my time as CEO of Pergo, the Group Management Team together with the Board, have drawn up a strategy for increased profitability and growth in the company. We have now carried out a major part of this program and see that we are well on our way. However, over the past few weeks it has been announced in the media that the new shareholders, with a significant influence in the company, want to reevaluate this direction of the business. I therefore find it natural not to stand in the way of such a re-orientation, as I would be opposed to such a scheme," states Goran Bernhoff.
The Board of Directors has asked Goran Bernhoff to remain in his position until the matter of a successor has been resolved.
"I regret that we have ended up in a situation where Goran Bernhoff wants to leave his position as CEO. He has done an excellent job since he took up his position in January 2004," says the Chairman, Bertil Villard.
Pergo AB will hold its Annual General Meeting in Trelleborg on Monday, April 18.
Bertil Villard Chairman of the Board Trelleborg April 15, 2005 Pergo AB Corporate Communications For further information, please contact: Bertil Villard, Chairman of the Board -- Phone +46 707-14 31 03
This is Pergo
Pergo is a leading flooring company with strong market positions, particularly in Europe and the U.S. Net sales amounted to MSEK 2,780 in full-year 2004 and the number of employees is around 800. Pergo developed laminate flooring at the end of the 1970s and launched the product in Europe during the 1980s. The company started sales in the U.S. in 1994 and later also in Asia and Latin America. The company's products have been marketed under the PERGO(r) brand name since 1989. The company is listed on the Stockholm Stock Exchange's Attract40-list. For further information about Pergo, please visit our homepage www.pergo.com.
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