Bo Annvik new President and CEO of Haldex

Haldex AB's Board of Directors has appointed Bo Annvik as the new President and CEO, effective on July 1, 2012. Bo Annvik brings more than 15 years of extensive industry experience to Haldex having previously held several Management positions within the Outokumpu Group, SKF and Volvo Cars. He replaces Ulf Ahlén who has served as acting President and CEO of Haldex since December 1, 2011.

Bo Annvik brings extensive experience of the engineering industry to Haldex, having previously been employed as Executive Vice President, for the Specialty Stainless Division and Group R&D, and was a member of the Executive Committee at Outokumpu Group. Before joining the Outokumpu, he was President of SKF Sealing Solutions and Vice President, Business Development, Automotive Division at SKF. Earlier in his career Bo Annvik held a number of Management positions at Volvo Cars including international assignments with placements in North America and Belgium.

"We are very pleased to present Bo Annvik as the new President and CEO of Haldex," says Göran Carlson, Chairman of the Board. "His considerable experience in the global engineering industry will be of great value and asset to Haldex. He has also extensive knowledge of both strategic and operational areas which will contribute to build a stronger and more focused Haldex."

Bo Annvik will assume the position of President and CEO from July 1st 2012. Ulf Ahlén will retire after 15 years in Executive Management positions within the Haldex Group.

For further information, please contact:
Göran Carlson, Chairman of the Board: +46 707 587997
Kristina Brink, Corporate Communications Manager: +46 418 47 61 88 or +46 705 90 91 40

Haldex (www.haldex.com), headquartered in Landskrona, Sweden, is a provider of proprietary and innovative solutions to the global commercial vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of approx 4 billion SEK in 2011. The number of employees amounts to about 2,350.

Haldex AB (publ) is required to publish the above information under the Swedish Financial Instruments Trading Act. The information was submitted for publication on May 9, 2012 at 08:30 CET.

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About Us

Haldex develops, manufactures and distributes products for brake and suspension systems for commercialvehicles. Our customers include manufacturers of heavy trucks, buses and trailers, and axle manufacturersfor these types of vehicles. Other applications as agriculture and special vehicles are also served. Theproduct portfolio comprises all of the main components and sub-systems included in a complete brake orsuspension system. Haldex, with headquarters in Landskrona, Sweden, has a global presence in terms of sales, research, development, technical serviceand production. Net sales amounted to approximately 3.9 billion SEK in 2013. Manufacturing takes place inSweden, Germany, Hungary, China, India, Brazil, Mexico and the USA. The company employs 2 135 people.

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