latest news releases from the newsroom
Bo Dankis, Group Vice President, to Lead ASSA ABLOY
STOCKHOLM, Sweden, Feb. 6, 2003 (PRIMEZONE) -- Bo Dankis, Group Vice-president and head of ASSA ABLOY (Other OTC:ASAZF) (Stockholm:ASSAb) South Europe takes over as President and CEO as Carl-Henric Svanberg becomes President and CEO at Ericsson. The intention is that Carl-Henric Svanberg remains on the Board of ASSA ABLOY as Deputy Chairman in conjunction with Melker Schorling.
OM Strengthens Focus on Banks and Financial Institutions
STOCKHOLM, Sweden, Feb. 6, 2003 (PRIMEZONE) -- OM (Other OTC:OMGPF) (Stockholm:OM) is sharpening its focus on the customer segment that includes banks and financial institutions by establishing a new business area called Banks & Brokers. To a great extent, the new business area is based on what was earlier a part of the Broker Services business area, including the unit that is under the supervision of the Swedish Financial Supervisory Authority, and other business units within OM in Stockholm, London and New York that target banks and brokerage firms. OM is now consolidating its leading expertise in products and services for banks and brokerage firms in one business area to be headed by Klas Stahl. The new organization is effective January 1, 2003. The reorganization is expected to result in synergies, which could lead to redundancies.