PRESSRELEASE | All press releases
05 May 2011 12:25 CET
Leif Östling’s contract extended
Scania’s Board of Directors has extended the President and CEO Leif Östling’s employment contract by three years, until 31 March 2015.
The Board of Directors believe that the extension of President and CEO Leif Östling’s employment contract will secure stability and continuity for Scania, to the benefit of all shareholders.
For further information, please contact Erik Ljungberg, Senior Vice President Corporate Relations, tel +46 8 553 835 57.
Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products is a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime. Scania also provides financial services. Employing some 35,500 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2010, net sales totalled SEK 78 billion and net income amounted to SEK 9.1 billion. Scania press releases are available on www.scania.com (http://www.scania.com/)