MALMO, Sweden, March 19, 2004 (PRIMEZONE) -- Peter Sandberg has informed Teleca of his decision to resign from the board of directors. The board has chosen Konstantin Caliacmanis, a member of Teleca's board since 1996 and one of the company's largest shareholders, as the new chairman.
The intention is that Dan Olofsson, who is currently the acting CEO of Teleca, will resume his position as chairman as soon as a new CEO has been appointed and that Konstantin Caliacmanis will then become deputy chairman.
"Bearing in mind the legal proceedings launched against me and the company's need for a good working atmosphere, I have decided to leave the board of Teleca. I've had the privilege of working on behalf of the boards of both AU-System and Teleca for almost 5 years. It's been very stimulating being involved in such a period of rapid business development and turbulent market conditions that have seen Teleca become one of the world's leading company's in its field. I'd like to wish my colleagues among the management and on the board good luck in the continuing work to build an even stronger Teleca," says Peter Sandberg.
"Peter Sandberg has been an active member of the board and, among other things, one of the initiators of the successful merger between Teleca and AU-System. I regret but at the same time respect his decision to leave the board of Teleca," says Dan Olofsson, acting CEO of Teleca.
For more information, contact:
Konstantin Caliacmanis, chairman, Teleca AB, mobile +46 70 582 56 56
Dan Olofsson, acting CEO, Teleca AB, mobile +46 70 582 56 56
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, the company helps technology- and software intensive customers worldwide to strengthen their market position and shorten their time to market. The company has more than 2,700 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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