MALMO, Sweden, March 15, 2002 (PRIMEZONE) -- The Board of Directors of Telelogic (Stockholm Exchange:TLOG) propose that the number of board members should be six and the following board members to be elected at the Annual General Meeting on April 3, 2002.
Re-election: Bo Dimert, Kjell Duveblad, Anders Lidbeck (CEO for Telelogic), Kjell Spangberg and Joakim Westh.
New member: Erik Gabrielsson
Bo Dimert is proposed to remain as Chairman of the Board.
Lars Ahlman and Bo Wahlstrom have turned down re-election.
Erik Gabrielsson, born 1962 is attorney at law and partner in the Swedish law firm Advokatfirman Vinge KB. Erik Gabrielsson is also Chairman of the Board for InterAir AB and member of the Boards for Appium AB, Bluelabs AB (publ), Elanders AB (publ), Improve Information Management Sweden AB, Lifco AB (publ), SwitchCore AB (publ) and Wilhelm Sonesson AB (publ).
The Board of Directors proposes an emolument of 900 000 SEK, of which 500,000 SEK to the Chairman and 100,000 SEK to each board member not employed by Telelogic. New board members are suggested to receive 100,000 options in Telelogic.
About Telelogic
Founded in 1983, Telelogic(r) (www.telelogic.com) is the leading global provider of solutions for advanced systems and software development. The company's automated application lifecycle solution includes integrated best-in-class software and professional services for requirements management, change and configuration management, development, testing, and documentation. Telelogic enables organizations to improve quality and predictability, while reducing time-to-market and overall costs in systems and software development. Built on an open architecture that ensures interoperability with other leading third-party solutions, Telelogic's products are based on international standardized languages and notations. Telelogic participates in 3GPP, Bluetooth SIG and OMG to create future communication technologies and visual software development languages.
Headquartered in Malmo, Sweden the company has more than 1,000 employees worldwide. Customers include Airbus, Alcatel, BMW, Boeing, BT, DaimlerChrysler, Deutsche Bank, Ericsson, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Philips and Siemens.