Heander Elected as New Member of Cardo’s Board of Directors

03.05.2004

Carina Malmgren Heander was elected as a new member of the board of directors. She is vice president human resources at Sandvik AB, where she is a member of the group management team.

The following members of the board were re-elected: Fredrik Lundberg, Lennart Nilsson, Tuve Johannesson, Berthold Lindqvist, Bengt Pettersson, Anders Rydin and Kjell Svensson.

At the statutory meeting of the board after the annual general meeting, Fredrik Lundberg was appointed chairman of the board and Lennart Nilsson vice chairman.

About Cardo

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.

Cardo Pump is one of Europe's largest manufacturers of pumps, mixers and aerators and a global leader in the production of sophisticated measurement instruments for the pulp and paper industry. Products are marketed under the brand names ABS, Pumpex and Lorentzen & Wettre.

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Cardo Group reports decreased sales and earnings in the interim report for the first half year 2005, while the pump business (ABS Pumps) shows a positive trend in the infow of orders. The company announces a group-wide reorganization into a purely operational industrial group aimed at business-to-business customers.

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New Strategy for PUMPEX

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