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Management changes at Scania

Scania is to make a number of corporate management changes with effect from 1 February 1997. Åke Norrman will move from his post as head of Sales and Marketing Overseas to take over as president of Scania's jointly-owned subsidiary, V.A.G Sverige AB, in succession to Lennart Ewers, who is to retire on pension. Åke Norrman will be succeeded by Arne Karlsson, head of Scania Buses & Coaches, who, in turn, will be succeeded by Åke Brännström, currently in charge of Marketing Support. A successor to Åke Brännström will be appointed shortly. Negotiations on the planned changes under the Swedish Codetermination Act will commence today.

"The well-earned retirement of Lennart Ewers after eight successful years creates a natural opportunity for us to pursue our policy of rotating top management positions within the Scania Group," comments Scania President and CEO Leif Östling.

Åke Norrman, born in 1940, graduated from the Stockholm School of Economics in 1964. Mr Norrman in 1964 was employed at Volkswagen Sweden AB and was President at Volkswagen Stockholm AB 1979-1983, then President of Saab-Scania do Brasil. 1983-1987. In 1987 Mr Norrman became the General Manager of Saab Car Division at Saab-Scania. As from 1989, Åke Norrman holds the position as Vice President, Sales and Marketing, Overseas, Scania.

Åke Brännström, born in 1938, graduated from the University of Uppsala 1967 and started his career as professor, economics. As from 1970 Mr Brännström joined Volkswagen, Sweden, where he was appointed Director in 1979. In 1985, Mr Brännström was appointed Head of Finance and Administration at Volkswagen. 1991-1994 he was President of Scania do Brasil and from April 1994 Vice President, After Sales Services, Scania, now Marketing Support

Arne Karlsson, born in 1944, graduated in economics and business administration at Lund School of Economics. He began at Scania in 1978 as a controller at Scania do Brasil. From 1981 untill 1983 he was Chief Financial Officer. 1983-1987 he was President of Scania Argentina. During the years 1987 to 1990 he was President of Scania do Brasil. As from 1991 he is Vice President, Scania Buses & Coaches.

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Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 22,000 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1995, turnover totalled approx. SEK 34,800 million and profits after depreciation approx. SEK 4,800 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden.