Jan Lidén appointed President of FöreningsSparbanken

Jan Lidén appointed President of FöreningsSparbanken Jan Lidén has been appointed President and Chief Executive Officer of FöreningsSparbanken AB (Swedbank). Currently serving as Deputy President and CEO as well as Head of the Stockholm region and Acting Chief Financial Officer, Jan Lidén will assume his new post on February 1 of this year. "We have conducted a widespread search for a suitable presidential candidate, both nationally and internationally," says Chairman Carl Eric Stålberg. "Jan Lidén fills our requirement profile extremely well thanks to his documented leadership experience from listed companies as well as his international experience. "I know Jan Lidén as a very goal- and results-oriented leader who has always been able to deliver on his promises," he continues. "He therefore has every opportunity to succeed in the effort to consolidate the bank's leading position." Jan Lidén has worked a total of 13 years at FöreningsSparbanken in various senior positions. In addition to serving as regional manager, he has managed the Swedbank Markets business area and been president of both the bank's finance company and its mortgage lender, Spintab. Jan Lidén will receive an annual salary of SEK 6.5 million with no bonus or other variable compensation. His pension benefits call for retirement at age 60 with no option to retire earlier. Jan Lidén will receive a pension based on an annual premium of SEK 3.5 million. He has a term of notice of six months if he leaves on his own initiative or twelve months if terminated by the bank. If terminated by the bank without reasonable grounds, he will be entitled to an additional twelve months' severance pay less any income earned from other positions. Attachment: Jan Lidén's Curriculum Vitae For further information, please contact: Carl Eric Stålberg, Chairman, phone +46-8-58 59 12 96 Jan Lidén, President and CEO-elect, phone +46-58 59 22 27 Henrik Kolga, Head of Communications, phone +46-708-11 13 15 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/21/20040121BIT00170/wkr0001.doc The full release http://www.waymaker.net/bitonline/2004/01/21/20040121BIT00170/wkr0002.pdf The full release