New CEO for Camfil
New CEO for Camfil Alan O'Connell will succeed Jan Eric Larson as President and CEO of Camfil Farr on 1 September 2001. Alan O'Connell has been with Camfil Farr since 1985 and was previously Vice President Sales and Area Manager for Europe. "I see this as a very exciting challenge and I look forward to continuing work on the Group's growth and expansion without changing the company spirit," says Alan O'Connell. Jan Eric Larson will become Executive Chairman of the Board. Camfil holds a leading position within the global air filtration industry. The Group has its office in Trosa, Sweden, and is represented by subsidiaries and agents worldwide. Camfil's total annual sales amounted to SEK 2.3 billion in 2000 and has approximately 2,700 employees including 425 in Sweden. Profit before tax amounted to SEK 57m. Ratos holding in Camfil amounts to 30%. For further information please contact: Jan Eric Larson, Chairman of the Board Camfil AB, +46 156 536 01 Alan O'Connell, Camfil AB, +353 1 848 4977 Financial calendar 2001: Interim Report, Q224 August Interim Report, Q313 November Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos thus offers stock market players a unique investment opportunity. The net asset value of Ratos's investments is approximately SEK 9 billion. Ratos's holdings include Arcorus, Atle Industri, Camfil, Capona, Dahl, DataVis, DIAB, Dynal Biotech, Esselte, Exceed, Gadelius KK, Haendig, Haglöfs, Hilding Anders, Hilton Group, HL Display, Industri Kapital, Intervect, Kronans Droghandel, Lindab, Martinsson Gruppen, Programmera, Q-Labs, Superfos, Sweden On Line, Telelogic and Telia Overseas. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/17/20010817BIT00370/bit0002.doc http://www.waymaker.net/bitonline/2001/08/17/20010817BIT00370/bit0002.pdf