Haldex Appoints Åke Bengtsson to President and CEO

STOCKHOLM, Sept. 27, 2017 /PRNewswire/ --

Åke Bengtsson has been acting President and CEO for Haldex since Bo Annvik left his position in March 2017. The Board of Directors has as of today appointed Åke Bengtsson to the role of permanent President and CEO.

"Åke Bengtsson has proved to be a strong leader for Haldex during the past seven months. Haldex has been exposed to severe strains during the public offer process and has, despite this, been strengthened under Åke's leadership. Åke has extensive experience from the manufacturing industry. He is strongly operation and business oriented with significant experience in change management of international operations. The Board of Directors is very pleased that Åke has accepted our offer.", says Jörgen Durban, chairman of the board.

Åke Bengtsson was CFO for Haldex 2015-2017. Prior to joining Haldex, Åke Bengtsson served as CFO for the Partnertech group, a global industrial partner offering customized solutions throughout the product lifecycle, from product development to manufacturing and aftermarket services. Åke Bengtsson has previously held several leading positions at Cardo, Rexam and Rohm and Haas. He is 54 years old and has an Executive MBA from SIMI in Copenhagen, Denmark.

"I'm honored and excited to lead Haldex into a new phase where we will build upon the positive support we have gained from customers during the public offer process. We have clearly showed that we play an important role in the technology shift towards autonomous driven vehicles. Haldex will now speed up the execution of the strategic plan we developed last year.", says Åke Bengtsson, President and CEO of Haldex.

For further information, visit http://corporate.haldex.com or contact:

Jörgen Durban
Chairman of the board
Phone: +46-418-476163

Åke Bengtsson,
President & CEO
Phone: +46-418-476150

Catharina Paulcén,
SVP Corporate Communications
Phone: +46-418-476157
E-mail: [email protected]

Haldex AB (publ) is required to publish the above information under the EU Market Abuse Regulation. The information was submitted for publication by the Haldex media contact stated in the release on Sept 27, 2017 at 8.00 CEST.

This document is essentially a translation of Swedish language original thereof. In the event of any discrepancies between this translation and the original Swedish document the latter shall be deemed correct

About Haldex

With more than 100 years of intensely focused innovation, Haldex holds unrivaled expertise in brake systems and air suspension systems for heavy trucks, trailers and buses. We live and breathe our business delivering robust, technically superior solutions born from deep insight into our customers' reality. By concentrating on our core competencies and following our strengths and passions, we combine both the operating speed and flexibility required by the market. Collaborative innovation is not only the essence of our products – it is also our philosophy. Our 2,150 employees, spread on four continents, are constantly challenging the conventional and strive to ensure that the products we deliver create unique value for our customers and all end-users. We are listed on the Nasdaq Stockholm Stock Exchange and have net sales of approximately 4.4 billion SEK.

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SOURCE Haldex