Cardo Appoints Head of Door Business Area


MALMO, Sweden, Dec. 11, 2002 (PRIMEZONE) -- Peter Moller has been appointed head of Cardo's business area Door and a member of Cardo's group management team. He will be taking the position during the first half of 2003.

Moller comes from Atlas Copco, where he has held a position as head of the Atlas Copco Tools and Assembly Systems division in the business area Atlas Copco Industrial Technique. He was previously a vice president of SAAB Automobile with responsibility for technological development and production.

Moller was born in 1952 and graduated in engineering at Chalmers University of Technology in Gothenburg, Sweden, in 1976.

Anders Gerhardson, currently vice president human resources in the Door business area, has been appointed vice president human resources at Cardo AB and a member of Cardo's group management team. He will take up his new position on January 1, 2003.

Cardo is an international engineering group and a leading supplier of high-quality products and systems with a good aftermarket. Cardo holds strong positions in the markets for doors and pumps. Cardo has subsidiaries in about 30 countries with the focal point resting in western Europe.

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