[May 05, 2014]


(Thomson Reuters ONE Via Acquire Media NewsEdge) (2014-05-05) Peter Nilsson is appointed new CEO of Kitron ASA.

Nilsson will take up his new position in November 2014 at the latest.

"Peter brings almost 25 years of experience in electronics manufacturing and related services, in environments ranging from start-ups to global organizations, a solid background for the position as CEO of Kitron," says Tuomo Lähdesmäki, Chairman of the Board of Kitron ASA.

Peter Nilsson has held several senior and executive leadership positions for Swedish and US companies: PartnerTech, Rimaster, Sanmina, and Ericsson, latest as President, Electronics Technology Division, at PartnerTech AB. Nilsson is trained in industrial business management and production engineering and has a degree in Industrial Management from Gävle University College (Gävle, Sweden).

Dag Songedal, Interim CEO, will continue as Interim CEO until Peter Nilsson assumes the CEO position and will then continue as Managing Director of Kitron AS.

Short CV of Peter Nilsson attached.

For further information please contact: Tuomo Lähdesmäki, Chairman, Tel.: +358-50-5879648.

Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence, Energy/Telecoms, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.6 billion in 2013 and has about 1,200 employees. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).

CV Peter Nilsson: This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Kitron ASA via GlobeNewswire [HUG#1782627]

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