Vartan Vartanian appointed President, SKF Service Division

Vartan Vartanian has been appointed President, SKF Service Division and will join the Executive Committee.

He replaces Phil Knights who will take up a role as Senior Vice President, Global Relations. Phil Knights has successfully led the Service Division since its inception in 1998. The changes will be effective as of 2 April.

Vartan Vartanian is at present Area Director, Service Division Europe. He has been with SKF since 1990 and held a number of executive positions in Poland, Czech Republic and Sweden.

Vartan Vartanian is 54 years and has a Bachelor of Applied Science in Mechanical Engineering from the University of Toronto. He was born in Lebanon and has a dual, Canadian/Swedish, citizenship. He lives in Sweden and is married with three children.

The Service Division is responsible for sales to the industrial aftermarket, mainly via a network of around 7,000 distributor locations. In addition to the sales of products the division supports customers with knowledge-based service solutions to optimize plant asset efficiency. The Division’s sales represent around 33% of the Group’s sales.

Göteborg, 26 February 2008

Aktiebolaget SKF
(publ.)

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AB SKF may be required to disclose the information provided herein according to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 14.00 on 26 February 2008.
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For further information, please contact:
PRESS: Ingalill Östman, SKF Group Communication, tel: +46 31-337 3260, mobile:
+46 706-973260, e-mail: ingalill.ostman@skf.com
IR: Marita Björk, SKF Investor Relations, tel: +46 31-337 1994, mobile: +46 705-181994,
e-mail: marita.bjork@skf.com