Magnus Örnberg new CFO at Saab

Magnus Örnberg has been appointed new Chief Financial Officer (CFO) at defence
and security companySaabAB.He takes up his position on November 1, and will
become part of the group management team.
Magnus Örnberg is today CFO at ABB’s largest division, Power Products, in
Zürich. He is 46 years old and holds a master’s degree from Stockholm School of
Economics.

– Magnus Örnberg has documented and broad financial and industrial
competence and has long experience from working for a global company.
Furthermore, he has worked in some of the, for Saab, most important growth
markets and will become an important asset in continuing to build a global and
competitive defence and security company, says Håkan Buskhe, President and CEO,
Saab.

– Saab is one of Sweden’s leading engineering companies with exciting
cutting edge technologies in several areas. That Saab now also grows on the
global market and increases the local presence in e.g. Asia, makes the challenge
even more interesting, says Magnus Örnberg, Saab’s incoming CFO.

Magnus
Örnberg started at ABB’s trainee program inVästerås,Sweden, in 1990. He has
worked as controller for the company’s businesses inSweden,Indonesia,
thePhilippines,MalaysiaandSlovakia. After this, he was appointed CFO for ABB
inSwedenand theNorthern Europeregion. During the last two years, he has held
position as CFO for ABB’s global division, Power Products, at the Group’s head
quarters in Zürich.

Saab serves the global market with world-leading
products, services and solutions ranging from military defence to civil
security. Saab has operations and employees on all continents and constantly
develops, adopts and improves new technology to meet customers’ changing
needs.

For further information, please contact:
Saab Press Centre, +46
(0)734 180 018, presscentre@saabgroup.com

The information is that which Saab
AB is required to declare by the Securities Business Act and/or the Financial
instruments Trading Act. The information was submitted for publication on April
20 at 14:00.