Studsvik — Board/Management Information 2008

Jun 17, 2008

June 17, 2008

Studsvik making changes in senior management

Studsvik is making a number of changes in senior management on July 1. The measures are in line with the market-oriented segment organization introduced at the beginning of the year. All executives concerned come from other positions in Studsvik.

Leif Andersson: new head of Sweden segment

The segment's main operations consist of waste management. Leif Andersson has many years' experience of waste issues in the Studsvik Group, and has also been responsible for technology and safety issues. Leif Andersson is already a member of the Studsvik Executive Group Management and will continue there.

Eva Haldén: newly established position in the Executive Group Management as head of HR, environment, quality, health and safety, and technology

Eva Halldén will leave her position as President of Studsvik Nuclear AB and take up a new position as head of human resources, health, safety, environment, quality and technology at Studsvik AB. The position includes important future areas for the Group where Eva Halldén will be responsible for Groupwide coordination and development. Eva Halldén is already a member of the Studsvik Executive Group Management and will continue there.

Magnus Arbell: new President of the subsidiary Studsvik Nuclear AB

Magnus Arbell will take over as President of Studsvik Nuclear AB, where he has been Vice President. He was recruited at the beginning of the year from Stiebel-Eltron in Katrineholm, where he was Managing Director. Magnus Arbell holds a master of science degree from the Royal Institute of Technology and has previously been Managing Director of Sveaverken AB and Kvaerneland Sverige AB. Magnus Arbell will be a member of the Studsvik Executive Group Management.

For further information: Magnus Groth, President and Chief Executive Officer, tel +46 155 22 10 86 or +46 709 67 70 86 (cell phone).

Facts about Studsvik

Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as waste treatment, decommissioning, engineering & services, and operating efficiency. The company has 60 years experience of nuclear technology and radiological services. Studsvik is a leading supplier on a rapidly expanding market. The business is c onducted through five segments: Sweden, United Kingdom, Germany, USA and Global Services. Studsvik has 1,200 employees in 7 countries and the company's shares are listed on the OMX Nordic Exchange Stockholm, MidCap.