Anders Pålsson will take up his position as CEO of Hilding Anders on 1 January 2003. He will take over from the present CEO Bengt Adolfsson who has been appointed chairman of the board.
"The Hilding Anders Group is in an expansive phase and I see the realisation of the company's goal to be one of the world's leading bed manufacturers as an exciting challenge," comments Anders Pålsson on his new appointment.
Anders Pålsson, 44, is currently head of the Services business area at Sydkraft. Prior to this he worked at PLM and Trelleborg.
Hilding Anders (www.hildinganders.se) is today Europe's largest bed manufacturer with a market share of 15%. The company has operations in 14 countries around Europe. Hilding Anders has grown substantially in recent years from sales in 1987 of approximately SEK 62m to its present level of approximately SEK 3.8 billion. The company has approximately 2,200 employees. A stock-exchange listing is planned in 2003.
"This is a suitable time to make changes in the company's management while the fact that I will remain as chairman of the board will provide continuity," says the present CEO Bengt Adolfsson who has been with the company since 1974.
Ratos's holding in Hilding Anders amounts to 27%.
For additional information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Anders Pålsson, Sydkraft, +46 40 25 58 05, +46 703 203 202