STOCKHOLM, Sweden, May 13, 2005 (PRIMEZONE) -- Investment AB Kinnevik ("Kinnevik") today announced that Vigo Carlund, the Chairman and former CEO of Korsnas, has been appointed acting CEO of Korsnas AB. The current CEO, Per Lindberg has resigned at his own request. The work on recruiting a new CEO will begin immediately and Vigo Carlund will remain as the acting CEO until a replacement is appointed.
For further information, please visit www.kinnevik.se
Investment AB Kinnevik is an investment company. The Company's objective is to increase shareholder value, primarily through net asset value growth. The Group consists of the Parent Company Investment AB Kinnevik and a number of operating subsidiaries. The Parent Company manages a portfolio of long-term investments in a number of listed companies such as Tele2, Modern Times Group MTG, Millicom International Cellular, Metro International and Transcom WorldWide. Kinnevik plays an active role on the Boards of its subsidiaries and associated companies.
The Group's subsidiaries are principally active in farming through Mellersta Sveriges Lantbruk, cartonboard and paper production through Korsnas, and banking, insurance, securities broking and trading, and asset management through Invik & Co.
Kinnevik's 'A' and 'B' shares are traded on the StockholmsbOrsen 'O-list' with the ticker codes 'KINVA' and 'KINVB'.
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