Framfab appoints new CEO

Framfab appoints new CEO Today, the Board of Framfab, the Internet consultancy company, appointed Anders Ekman as new CEO. He joins the company from IBM, where he was Nordic Manager of IT and business consulting within Financial Services. Anders Ekman will take up his new duties no later than April 15, 2002. Last summer, Framfab''s current CEO Johan Wall informed the Board of his wish to step down once the goal of restoring profitability in Framfab had been achieved. Johan Wall became CEO in November of 2000 and has worked intensively with restructuring the business and creating a profitable company. Anders Ekman is 46 years old. He has a masters degree in industrial economics as well as an MBA. Having completed his studies, Anders worked for IKEA in Switzerland, Austria and Germany before moving to the IKEA head office in Denmark. He then worked for ABB Financial Services in Geneva and Zurich, and subsequently joined the management team in Stockholm. Following this, Anders spent ten years working as a senior executive for consultancy companies such as Indevo, Cap Gemini and -- most recently -- IBM. ""Framfab is increasingly working with mission-critical processes for global companies. Anders Ekman fully understands the needs of these companies thanks to his experience in international consultancy gained from working for large leading companies and their customers. Anders Ekman meets our requirements for a CEO who can elevate Framfab to a position as a market leader in Europe with good profitability,"" explains Sven Skarendahl, executive Chairman of the Board of Framfab. He continues: ""Johan Wall became CEO of Framfab in November 2000 at a time when the company was experiencing a very difficult time. As CEO, he took up the challenge of leading the work to turn-round Framfab and to restore profitability. With the support of the new Board, elected in May 2001, he has implemented a powerful action plan and has now established a profitable, well-structured company. The company and the Board owe Johan their heartfelt thanks for his excellent work."" ""Last summer, I informed the Board that I wished to step down once my mission had been completed, i.e. when profitability had been re- established and a suitable successor had been found. After ten intensive years in the Internet sector -- including six with Framfab -- I am now looking forward to spending more time with my young daughter and my family. In due time, I will take on new challenges,"" says Johan Wall. The report is presented today at 13.30 CET at a press conference at IVA, Grev Turegatan 16 in Stockholm. For more info, contact: Tobias Bülow, Group Communications Manager +46 709 73 75 16, tobias.bulow@framfab.se Framfab is a leading supplier of consultancy services and business solutions based on Internet technology. Framfab's customer base primarily consists of major international companies such as 3M, AXA, Coca-Cola, Danske Bank, Electrolux, Ericsson, Hydro Texaco, IKEA, Kellogg's, Maersk Sealand, McDonalds, NEC Packard-Bell, Nike Europe/US/Asia Pacific, Observer, Postbank, Quelle Versicherungen, SAAB, Volvo Car Corporation, Volvo Group and UBS. Framfab operates in Denmark, France, Germany, the Netherlands and Sweden. Framfab is listed on the O- list of the OM Stockholm Stock Exchange (ticker FTID). For additional information, call in at www.framfab.com. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/02/13/20020213BIT00490/bit0002.doc http://www.waymaker.net/bitonline/2002/02/13/20020213BIT00490/bit0002.pdf