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2014-05-05

Kitron ASA: New CEO of KITRON ASA

(2014-05-05) Peter Nilsson is appointed new CEO of Kitron ASA.

Nilsson will take up his new position in November 2014 at the latest.

"Peter brings almost 25 years of experience in electronics manufacturing and
related services, in environments ranging from start-ups to global
organizations, a solid background for the position as CEO of Kitron," says
Tuomo Lähdesmäki, Chairman of the Board of Kitron ASA.

Peter Nilsson has held several senior and executive leadership positions for
Swedish and US companies: PartnerTech, Rimaster, Sanmina, and Ericsson,
latest as President, Electronics Technology Division, at PartnerTech AB.
Nilsson is trained in industrial business management and production
engineering and has a degree in Industrial Management from Gävle University
College (Gävle, Sweden).

Dag Songedal, Interim CEO, will continue as Interim CEO until Peter Nilsson
assumes the CEO position and will then continue as Managing Director of
Kitron AS.

Short CV of Peter Nilsson attached.

For further information please contact:
Tuomo Lähdesmäki, Chairman, Tel.: +358-50-5879648.

Kitron
is one of Scandinavia's leading electronics manufacturing services companies
for the Defence, Energy/Telecoms, Industry, Medical equipment and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had revenues of about NOK 1.6
billion in 2013 and has about 1,200 employees.www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).

CV Peter Nilsson
http://hugin.info/197/R/1782627/610233.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kitron ASA via Globenewswire

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