Lars Otterbeck to be new president of SPP

Lars Otterbeck to be new president of SPP Lars Otterbeck has been appointed as the new president of Försäkringsbolaget SPP. He is currently president of D&D Dagligvaror AB and will succeed Bo Eklöf on 1 June. However, already on 1 May, Lars Otterbeck will assume responsibility for the change in the SPP Group's structure that has been decided. Lars Otterbeck, 57, is an associate professor at the Stockholm School of Economics, where he worked until 1980. In the last 20 years he has worked within the Axel Johnsson Group in a number of international posts and in the fast-moving consumer goods trade since 1992. He was chairman of the Commercial Employers' Association (HAO) from 1992 to 1997 and vice chairman of the Swedish Employers' Confederation (SAF) from 1995to 1998. Lars Otterbeck has been a member of the Board of SPP since 1992. The restructuring to be carried out in the SPP Group means that all operations exposed to competition, primarily SPP Liv and SPP Fonder, will be hived off from the collectively agreed ITP operations that are conducted with sole rights in the parent company. A new ownership structure independent of SPP is being sought for the operations open to competition, which will operate under the SPP brand. The operations based on collective agreement will continue in the present parent company under a new name. For additional information: Cecilia Schön, assistant Senior Vice President, Corporate Communications SPP, tel. +46 8 441 93 50, +46 70 526 93 50 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/18/20000418BIT00270/bit0001.doc http://www.bit.se/bitonline/2000/04/18/20000418BIT00270/bit0002.pdf