STOCKHOLM, Sweden, Jan. 13, 2004 (PRIMEZONE) -- Cecilia Kragsterman has been head of the Global Business Development unit and a member of the executive management team since January 2002. Due to changing market conditions and priorities within the company, management made the decision in the summer of 2003 to phase out the unit and transfer development work to the group's respective regions. The phase-out of Global Business Development has now been completed. In connection with this, Cecilia Kragsterman has decided to leave Skandia.
"With the phase-out of Global Business Development, I have decided to leave Skandia. My 19 years at Skandia, of which six years were spent leading SkandiaLink through its build-up and expansion, have been tremendously instructive and stimulating. Now that my most recent area of responsibility has been properly integrated with the operating units, it feels natural to look at new challenges, this time outside Skandia," said Cecilia Kragsterman.
"We thank Cecilia for her commendable work during her time at Skandia. She has had a number of leading positions and has made many important contributions to the company's development," said Hans-Erik Andersson, CEO of Skandia. "We wish Cecilia well in her future endeavors."
For further information, please contact: Cecilia Kragsterman, tel. +46- 8-788 25 00 Gunilla Svensson, Press Manager, tel. +46-8-788 42 97
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/01/13/20040113BIT00270/wkr0001.doc
http://www.waymaker.net/bitonline/2004/01/13/20040113BIT00270/wkr0002.pdf