NOTE strengthens management team and appoints new NOTE Lund CEO

NOTE, one of Scandinavia’s leading contract manufacturers of electronics, has appointed Rikard Nilsson as the new CEO of NOTE Lund. The current CEO, Kjell-Åke Andersson, will be moving on to work on acquisitions at the Group level.

NOTE, which had its IPO on the Stockholm Stock Exchange O-List in June, is presently entering a new growth phase, which also includes expansion outside of Sweden’s borders. NOTE’s goal is to become one of Europe’s leading contract manufacturers within five years. NOTE Lund CEO Kjell-Åke Andersson is moving up to the Group level to help meet the demands of the coming growth. ”Our goal entails ongoing expansion, why is why we need to strengthen our management team”, says NOTE Group President Erik Stenfors. ”I’m looking forward to being able to work on issues concerning NOTE’s expansion in Europe”, says Kjell-Åke Andersson. ”NOTE’s robust business model has major potential, and can be applied in a number of markets.” Former Dresser-Wayne CEO Rikard Nilsson has been appointed as the new CEO at NOTE Lund. Rikard Nilsson will formally accede to the post at year-end. ”I am impressed by NOTE’s successes, and look forward to being able to contribute to NOTE’s continued growth and development,” says Rikard Nilsson. For further information, please contact: Erik Stenfors, CEO and Group President NOTE AB, +46 176-799 01 or +46 70-950 80 70 Kjell-Åke Andersson, CEO NOTE Lund AB, +46 46-286 92 10 or +46 70-860 81 23 Rikard Nilsson, +46 70-666 05 20