Changes Announced for Skandia Liv Management


STOCKHOLM, Sweden, June 17, 2002 (PRIMEZONE) -- Ola Ramstedt (48) has been appointed CEO of Skandia Liv, effective August 1, 2002. He is leaving his current position as Executive Vice President HR for Skandia, which he has held for eight years. Mr. Ramstedt will also be a member of the Skandia Liv Board of Directors.

Mr. Ramstedt will succeed Magnus Ohlsson, who will become Senior Advisor to the management of the European Division.

Bengt-Ake Fagerman (48) has been appointed Executive Vice President of Skandia Liv with responsibility for Business Process as of August 1, 2002. He is leaving a position as CEO for Skandia Marknadsstod Spar.

Pia Askenstrom Marions (38) has been appointed as new CFO at Skandia Liv. She will assume this new position as of August 19, 2002. Ms. Marions has several years of experience with the Swedish Financial Supervisory Authority in the Risk Management and Financial Analysis areas, within the insurance business. Ms. Marions is leaving Lansforsakringar Liv, where she has been Manager for Accounting and Fund Administration.


For further information, please contact: Carl-Henrik Knutsson, 
Communication Manager, Skandia, tel. +46-8-788 25 00

Lars Eric Ericsson, Chairman Skandia Liv, tel. +46-26-17 10 00

Ola Ramstedt, Executive Vice President and head of Human Resources, Skandia, tel. +46-8-788 25 00

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