Göran Axeheim executive vice president of Cardo AB

Göran Axeheim executive vice president of Cardo AB In connection with executive vice president and chief financial officer (CFO) Sven-Erik Persson's departure from his post and retirement at the turn of the year, Göran Axeheim will be taking over as new CFO for the Cardo group as previously announced. Göran Axeheim has been appointed executive vice president of the parent company Cardo AB as of January 1 2001. Malmö, Sweden, December 6 2000 Cardo AB (publ) For further information, please contact: Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25, +46 40 35 04 00 Cardo is an international engineering group with a turnover of SEK 9.5 billion in 1999. Cardo holds a strong position in the markets for doors, pumps and rail-vehicle brake systems. Cardo has subsidiaries in about 30 countries with the focal point resting in western Europe, and roughly 7,800 employees. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/06/20001206BIT00610/bit0001.doc http://www.bit.se/bitonline/2000/12/06/20001206BIT00610/bit0002.pdf

About Us

Cardo is a world-leading supplier of industrial doors and logistics systems, wastewater treatment systems, process equipment for the pulp and paper industry and garage doors. Operations are pursued in the Group’s divisions: Door & Logistics Solutions, Wastewater Technology Solutions, Pulp & Paper Solutions and Residential Garage Doors. With sales of almost SEK 10 billion and more than 6,000 employees worldwide, Cardo delivers solutions that help to solve some the toughest challenges of our time in the fields of water, transportation and energy. Corporate headquarters are located in Malmö, Sweden.