Anders Igel new CEO at Esselte

Anders Igel new CEO at Esselte On 1 November, Mr Anders Igel will become President and CEO of Esselte. With this appointment, the Chairman of the Board, Mr Jan Kvarnström, will relinquish the post of CEO, but will continue as Chairman. Mr Mats Lönnqvist, today President of Esselte AB and CFO, will continue as Executive Vice President and CFO during a transition period of six months. Over the past two years, Esselte has undergone a restructuring process, transforming it from a conglomerate with many different operations, to a world-leading company concentrating on office products. The work of increasing efficiency will continue according to plan, at the same time as the company is investing intensively in a new product range. "Esselte is entering an exciting phase, and I am really looking forward to strengthening the company's position as world-leader", says Anders Igel. Mr Igel has many years' experience with Ericsson and other companies. He successfully developed Ericsson's operations in Great Britain. His most recent position was as Executive Vice President and Business Area Manager of the Ericsson Group. "Anders Igel's experience from the area of IT and telecommunications is completely in line with Esselte's move towards a more technically advanced range", says Jan Kvarnström. "It is vital that we increase the company's profitability and ensure that Esselte plays an active part in the structural changes currently taking place in the industry". For further information, please contact: Jan Kvarnström, Chairman of the Board, +46 (0)8 - 700 17 00 (Ratos), 0708 - 48 01 28 Anders Igel, incoming President and CEO +46 (0)8 - 700 17 00 (Ratos), 070 - 519 1378 Esselte brings innovation, efficiency and style to the way people work in the office and at home. By designing and delivering innovative office products from esteemed brands; Dymo, Pendaflex, Leitz and Curtis. Esselte is the world's leading office supplies manufacturer. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/09/16/19990916BIT00200/bit0001.doc http://www.bit.se/bitonline/1999/09/16/19990916BIT00200/bit0002.pdf