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2016-10-18

Indutrade AB: New President and CEO appointed at Indutrade AB

The Board of Directors of Indutrade has appointed Bo Annvik as the
company's new President and CEO. He will assume his position not
later than the Annual General Meeting on 26 April 2017.

Bo Annvik, 50, M. Sc. Econ., is currently President and CEO of Haldex.
Prior to this he served in a number of executive positions, both in
Sweden and abroad, for Volvo Cars, SKF and Outokumpu.

In connection with Bo Annvik's taking office, Johnny Alvarsson will
leave his position as President and CEO of Indutrade after 13 highly
successful years.

"Johnny has done a tremendous job and has lifted Indutrade up to an
entirely new level. We are very grateful for what he has achieved,"
says Fredrik Lundberg, Chairman of the Board, in a comment.

"Bo Annvik has a solid industrial background and a level of experience
and competence that we believe is well-suited for Indutrade," Fredrik
Lundberg continues. "We extend a warm welcome to him as our new
President and CEO."

Stockholm, 18 October 2016

INDUTRADE AB (publ)

For further information, please contact:

Fredrik Lundberg, Chairman of the Board, tel. +46 8 463 06 00.

About Indutrade

Indutrade markets and sells components, systems and services with a
high-tech content within selected niches. Indutrade's business is
distinguished by

- High-tech products for recurring needs
- Growth through a structured and tried-and tested acquisition
strategy

- A decentralised organisation characterised by an entrepreneurial
spirit

The Group is organised into six business areas: Engineering &
Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial
Components, Measurement & Sensor Technology and Special Products.
Indutrade's sales totalled SEK 11,881 million in 2015, generating
operating income of SEK 1,427 million before depreciation of
intangible assets. Indutrade is listed on Nasdaq Stockholm.

www.indutrade.se

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http://news.cision.com/indutrade-ab/r/new-president-and-ceo-appointed-at...
http://mb.cision.com/Main/2210/2102868/576092.pdf

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