STOCKHOLM, Sweden, Sept. 29, 2003 (PRIMEZONE) -- Ola Ramstedt has announced that he will be leaving his position as CEO of Skandia Liv, at his own request, with effect on 1 October 2003.
Commenting on his decision, Ola Ramstedt said:
"Skandia Liv is currently working intensively on cleaning up matters surrounding criticized deals and decision-making routines. It is important for the policyholders' confidence that this work is done in a thorough and proper manner. As a result, I do not want any personal discussions about me, which may be related to by previous position in the Skandia group, to burden this work in any way. I have therefore requested to resign from my position as CEO of Skandia Liv."
Skandia Liv's chairman, Lars Eric Ericsson, comments:
"The board of Skandia Liv and I understand Ola Ramstedt's decision. At the same time, I would like to express our appreciation that he has performed his duties as CEO of Skandia Liv in a meritorious manner."
Bengt-Ake Fagerman, executive vice president of Skandia Liv, will now serve as acting CEO of the company.
For further information, please contact: Gunilla Svensson, Press secretary tel. +46-8-788 42 97
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http://www.waymaker.net/bitonline/2003/09/29/20030929BIT00330/wkr0002.pdf