Magnus Yngen to leave Electrolux to become President and CEO of Husqvarna

Magnus Yngen to leave Electrolux to become President and CEO of Husqvarna

Magnus Yngen, Head of Major Appliances Europe, is leaving his position with
Electrolux to become President and CEO of Husqvarna, a manufacturer of outdoor
power products. Husqvarna was spun-off from Electrolux in 2006 and is now listed
on the Stockholm Stock Exchange.
Yngen joined Electrolux in 1995 and joined Group Management in 2002, when he was
appointed head of Floor Care and Small Appliances. In 2006, he was appointed
head of Major Appliances Europe. 

Yngen will start his new position with Husqvarna at the latest on October 1. A
search for a new Head of Major Appliances Europe has commenced.

Electrolux is a global leader in home appliances and appliances for professional
use, selling more than 40 million products to customers in 150 countries every
year. The company focuses on innovations that are thoughtfully designed, based
on extensive consumer insight, to meet the real needs of consumers and
professionals. Electrolux products include refrigerators, dishwashers, washing
machines, vacuum cleaners and cookers sold under esteemed brands such as
Electrolux, AEG-Electrolux, Eureka and Frigidaire. In 2007, Electrolux had sales
of SEK 105 billion and 57,000 employees. For more information, visit
http://www.electrolux.com/press
Electrolux may be required to disclose the information provided herein pursuant
to the Securities Market Act.