Fredrik Rystedt returns to Electrolux as Chief Administrative Officer

Fredrik Rystedt returns to Electrolux as Chief Administrative Officer (ELUX) Fredrik Rystedt has been appointed Chief Administrative Officer for the Electrolux Group and will be the new head of Group staff Controlling, Accounting, Taxes, Auditing and IT. Fredrik Rystedt, 37, will succeed Johan Bygge, who earlier was appointed head of Electrolux Consumer Outdoor products. Fredrik Rystedt joined the Electrolux Group after graduating from Stockholm School of Economics. Between 1989 and 1998 he held several management positions within the Electrolux Group, including head of Mergers & Acquisitions. As Chief Administrative Officer, Fredrik Rystedt will be a member of the Group management team and report to CEO and President Michael Treschow. He will assume his position April 17 this year. Fredrik Rystedt is currently the Chief Financial Officer at Sapa AB (previously Gränges AB), an international industrial group based in Sweden. Electrolux is the world's largest producer of powered appliances for kitchen, cleaning and outdoor use, such as refrigerators, washing machines, cookers, vacuum cleaners, chain saws, lawn mowers, and garden tractors. In 1999, Group sales were SEK 120 billion and the Group had 93,000 employees. Every year, customers in more than 150 countries buy more than 55 million Electrolux Group products for both consumer and professional use. The Electrolux Group includes famous appliance brands such as Electrolux, AEG, Zanussi, Frigidaire, Eureka, and Husqvarna. Further information For further information please contact Fredrik Rystedt at +46 8 459 59 27. The Electrolux Press Hotline is available at +46 8 657 65 07. For cancellation of or changes to this fax distribution service, please return this document, with your name, company, and fax number, stating what you want to change, to fax no +46 8 738 74 61. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/09/20010109BIT00510/bit0001.doc http://www.bit.se/bitonline/2001/01/09/20010109BIT00510/bit0002.pdf