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Scania Executive Vice President to resign at the AGM in April

Lars Ohlsson-Leijon, has announced his intention to resign his post of Executive Vice President of Scania AB with effect from the company's Annual General Meeting in April 1997. By then, he will have completed the tasks he was committed to execute on his appointment, including the establishment of Scania as an independent company, developing its financial organisation, and launching the company on the Stockholm and New York stock exchanges.

"I have been active in Saab-Scania at senior management level since 1973, including a term as Executive Vice President between 1987 and 1994. 

Being 58, I want to leave the operational and executive side of the business and devote my time to other activities," he says.

"I found it extremely interesting and stimulating to conclude the Saab-Scania era

by reintroducing Scania on the stock market."

"I have worked with Lars Ohlsson-Leijon since the late 1970s," comments Leif Östling, President and CEO of Scania.

"I have a high regard for Lars Ohlsson-Leijon both personally and for his expertise, as well as for his work during the Saab-Scania years and his contribution to Scania as an independent company. However, I understand and respect his desire to leave the operational and executive work."

A successor has not yet been appointed.

For further information, please contact Hans Rubenstein, Press Manager,

+46 70 556 07 97.

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. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden.