New CEO and President appointed at Pergo

New CEO and President appointed at Pergo Pergo is implementing an action program, which targets a profit improvement of at least 400 MSEK over a two-year period. The process to radically improve the profitability of the group requires deep knowledge of the industry and a total commitment from top management. The board of directors has therefore and in agreement with Mr Michael Boris-Möller decided that the group should be managed by another person. Mr Michael Boris-Möller will leave his position immediately. The board has appointed Dr Raimo Issal, presently Executive vice President at Pergo as new CEO and President of Pergo AB. Dr Raimo Issal will assume this position immediately. Trelleborg 2001-12-12 Pergo AB For further information, please contact: Christer Gardell, Chairman of the Board, phone number +46 70 595 82 74 Raimo Issal, CEO, phone number +46 410 36 31 00 ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

About Us

Pergo is a leading flooring company with leading market positions, particularly in Europe and the US. Net sales amount to approx. SEK 2,8 billion and the number of employees is around 800. Pergo developed laminate flooring at the end of the 1970s and launched the product in Europe during the 1980s. The company started sales in the US in 1994 and later also in Asia 1995 and Latin America 1997. The company's products have been marketed under the PERGO® brand name since 1989. The company is listed on the Stockholm Stock Exchange's Attract 40-list. For further information about Pergo, please visit our website