latest news releases from the newsroom
SKF Year-End Report for 2002
GOTEBORG, Sweden, Jan. 28, 2003 (PRIMEZONE) -- The SKF Group's (Nasdaq:SKFR) (LSE:SKFB) profit before taxes for the fourth quarter 2002 amounted to MSEK 979 (824), an increase of 18.8%. The profit for the full-year 2002 increased to MSEK 3 542 (3 120).
Karo Bio Reorganizes R&D Operations
HUDDINGE, Sweden, Jan. 28, 2003 (PRIMEZONE) -- Karo Bio (Other OTC:KARBF) has promoted Dr. Anders Berkenstam, Director R&D Sweden, to Vice President R&D Sweden and Dr. Paul Hamilton, Director R&D U.S., to Vice President R&D USA. Drs. Berkenstam and Hamilton will now report directly to President & CEO Dr. Bjorn Nilsson and will become members of the Karo Bio management team.
New President and CEO of SKF
GOTEBORG, Sweden, Jan. 28, 2003 (PRIMEZONE) -- The Board of Directors of Aktiebolaget SKF (Nasdaq:SKFR) (LSE:SKFB) has decided to appoint Tom Johnstone as new President and Chief Executive Officer of SKF as from April 15 this year. He succeeds Sune Carlsson, who turns 62 this year and has decided to retire from SKF.
Peter Ragnarsson -- AudioDev's New CEO
MALMO, Sweden, Jan. 28, 2003 (PRIMEZONE) -- Peter Ragnarsson, currently CEO of Axis AB, has been chosen as the new CEO of AudioDev. Mr. Ragnarsson will take up his duties by August 15 at the latest, and will succeed Jan Barchan, the principal shareholder of AudioDev, who has successfully been leading the company for the past 12 years. During this time the company's sales figures have grown from 5 million to over 200 million SEK.
Guarantee Liability for American Skandia
STOCKHOLM, Sweden, Jan. 28, 2003 (PRIMEZONE) -- In reference to today's article in Dagens Industri about Skandia's guarantee liability in connection with the sale of American Skandia, Skandia would like to make the following comments.
Renault Trucks Receives Order for 2,820 Trucks
GOTEBORG, Sweden, Jan. 28, 2003 (PRIMEZONE) -- AB Volvo's (Nasdaq:VOLVY) subsidiary, Renault Trucks, has received an order from the French Armed Forces covering delivery of 2,820 trucks. The order is estimated at a value of EUR 160 M (about SEK 1.5 billion) during a five-year period.