Åke Fredriksson resigns from position as President and Chief Executive Officer of Perstorp AB

29-Jun-2001

Åke Fredriksson, President and Chief Executive Officer of Perstorp AB, has informed the company's Board of Directors that he has decided to resign from this position.

"The task of streamlining the Group that I was assigned by Perstorp's Board has now been completed, following the sale of Perstorp to Sydsvenska Kemi," says Åke Fredriksson, commenting on his decision.

"The restructuring of the Group has been implemented, the Perbio Science biotechnology operations have been spun off to shareholders and listed on the stock exchange, as have the Pergo flooring operations. As a result of the sale of Perstorp AB, the remaining chemical operations will be part of a larger unit with increased development potential. In other words, this is an appropriate time for me to leave the company."

Åke Fredriksson will continue to serve as President and Chief Executive Officer of Perstorp AB until after the Extraordinary General Meeting on July 9, at which a new Board of Directors will be appointed.

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