Proposal of Telelogic Board of Directors
Proposal of Telelogic Board of Directors MALMÖ, Sweden, March 20, 2001 - The shareholders (representing 27 % of the votes) and the Board of Directors of Telelogic (Stockholm Stock Exchange/TLOG) propose the following board members to be elected at the Annual General Meeting, 29 March 2001: Re-election: Lars Ahlman, Kjell Duveblad, Anders Lidbeck (President & CEO for Telelogic), Mats Lönnqvist, Kjell Spångberg and Bo Wahlström. New members: Göran Lindahl, Bo Dimert and Joakim Westh Göran Lindahl is proposed to be the new Chairman of the Board. Göran Lindahl, President and CEO for ABB 1998-2000. Mr Lindahl is currently Under Secretary to the UN Sectretary-General and is member of the board in various companies, including Ericsson and DuPont. Bo Dimert, President and CEO for Ericssson Inc 1998-2000. Mr Dimert is member of the board in Razorfish, IPUnplugged and NetInsight. Joakim Westh, Partner of McKinsey & Co since 1993, with focus on the technology sector. Mr Westh has held various leading positions within Assa Abloy 1996-1999. The Board of Directors propose an emolument of 1,2 MSEK, of which 500 000 SEK to the Chairman and 100 000 SEK to each board member not employed by Telelogic. New board members are suggested to receive 100 000 Telelogic options. Erik Fröberg, Lars Spongberg and Stefan Wigren have turned down re- election. Contacts Anders Lidbeck Catharina Sundelin President & CEO Director of Information & Investor Relations Telelogic AB Telelogic AB Phone: +46 40-17 47 00 Phone: +46 40-17 47 30 Fax: +46 40-17 47 47 Fax: +46 40-17 47 47 E-mail: E-mail: anders.lidbeck@telelogic.com catharina.sundelin@telelogic.com About Telelogic Telelogic is a leading global supplier of solutions for advanced software and systems development. By providing integrated best-of-breed products and professional services for the end-to-end software development lifecycle, Telelogic enables organizations to improve quality and predictability, while reducing time-to-market and overall costs. Built on an open architecture that ensures interoperability with many top tier technology solutions, Telelogic's products are based on international standardized languages and notations. Telelogic participates in 3GPP, Bluetooth SIG and OMG to monitor and help create future communication technologies and visual software development languages. Named by Forbes Magazine as one of the 300 Best Small Companies in the world, Telelogic is a public and rapidly growing company headquarted in Malmö, Sweden. According to the VDC 2000 report Telelogic is the leading solution supplier in the embedded market and Telelogic DOORS has been named the market leader for requirements management in the Standish Group's 2000 report. Customers include Airbus, Alcatel, Bank of America, BMW, Boeing, British Telecom, Cisco, DaimlerChrysler, Deutsche Bank, Ericsson, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Philips and Siemens. Telelogic's worldwide presence includes offices in Asia, Australia, Europe and North America. For more information about Telelogic and how it can benefit your development efforts, visit the website at www.telelogic.com. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/20/20010320BIT00560/bit0001.doc http://www.bit.se/bitonline/2001/03/20/20010320BIT00560/bit0001.pdf