Lars Nilsson, 44, has been named Head of Finance and IT at the NFC group

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Lars Nilsson, 44, has been named Head of Finance and IT at the NFC group. In connection with this appointment, Lars Nilsson has been named Executive Vice President and member of the Executive Management. Lars Nilsson joins the NFC group from Thomson International Holidays, where he served as chief financial officer. Prior to this he held several management positions in the ABB group. The appointment takes effect on June 26, 2000. For further information, please contact: Mats Jansson, President and CEO, tel. +46-8-700 66 30, or +46-70-569 48 11 The "New Food Company" is the working name of one of the largest listed food wholesale and retail companies in the Nordic countries. The company is being formed through the merger between Hemköp and D&D Dagligvaror and the acquisitions of Spar Sverige, Spar Inn Snabbgross, and a voting majority in Spar Finland. The company conducts wholesale and retail trading with a number of store operations, including Hemköp, SPAR, Vivo, Tempo, Willys and Billhälls. Pro forma consolidated annual sales are estimated at approximately SEK 30 billion. The company will have approximately 7,000 full-year employees. The company has over 1,000 stores in Sweden, of which 250 are wholly or partly owned, while the remainder are run by independent merchants tied to the company through agreements. In addition, the company has some 330 stores in Finland, of which 85 are wholly owned and the remainder operated by independent merchants. The market share is nearly 20 percent in Sweden and approximately 10 percent in Finland. The company is listed on OM Stockholm Exchange's A-List. Axel Johnson AB is the principal owner, with approximately 47 percent of the shares. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/02/20000502BIT00280/bit0001.doc http://www.bit.se/bitonline/2000/05/02/20000502BIT00280/bit0002.pdf

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