NOTE strengthens management and appoints new CEO for NOTE Lund
NOTE strengthens management and appoints new CEO for NOTE Lund
NOTE, one of Scandinavia's leading contract manufacturers of electronics, has appointed Rikard Nilsson as the new CEO of NOTE Lund. The current CEO, Kjell-Åke Andersson, will transfer to work on acquisition issues at group level.
NOTE, which was listed on the Stockholm Stock Exchange's O-list in June, is now entering a new growth phase with expansion beyond Sweden's borders. NOTE's target is to become one of Europe's leading contract manufacturers within five years. To meet future growth, NOTE Lund's CEO Kjell-Åke Andersson will move to group level.
"Our goal involves continuous expansion, and it is therefore necessary to strengthen management," says Erik Stenfors, CEO of NOTE.
"I'm looking forward to working on issues related to NOTE's expansion in Europe," says Kjell-Åke Andersson. "NOTE's robust business model has great potential and can be applied on several markets."
Rikard Nilsson, previously CEO of engineering company Dresser-Wayne, has been appointed new CEO of NOTE Lund AB. Rikard Nilsson will formally take over as CEO at the turn of the year.
"I'm impressed by NOTE's success and look forward to contributing to its continued development," says Rikard Nilsson.
For further information, please contact
Erik Stenfors, President and CEO of NOTE AB, +46 176 799 01 or +46 70 950 80
Kjell-Åke Andersson, CEO NOTE Lund AB, +46 46 286 92 10 or +46 70 860 81 23
Rikard Nilsson, 070-666 05 20
Facts about NOTE
NOTE is one of Scandinavia's leading contract manufacturers of electronics, offering specialised competence in electronics production across the entire value chain, from design and development to production and after-sales.
Net sales for 2003 totalled SEK 859 million and profit before tax was SEK 63 million. The group has just over 900 employees. NOTE is listed on the O-list of the Stockholm Stock Exchange (www.note.se).
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