Kitron - Board/Management Information 2014

New CEO of KITRON ASA

(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. www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act).

[HUG#1782627]

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