Posten Sweden announces new chairman and new CEO

Posten, Sweden’s national postal service, today announced that Marianne Nivert has been named the new chairman of Posten. Effective May 1, 2003, Erik Olsson is the new President and CEO of Posten.

Claes Ånstrand will step down as chairman of Posten at the Annual General Meeting on April 25, 2003. The Annual General Meeting will appoint Telia’s former CEO, Marianne Nivert, as the company’s new chairman. Ms. Nivert joined Posten’s board in December 2002.

Erik Olsson will begin his tenure as president and CEO of Posten on May 1, 2003. He brings experience from the retail industry, including positions as president of Dagab and CEO of Coop Sweden.

Börge Österholm, who was appointed president and CEO in November 2002, will leave his position.

“As State Secretary at the Ministry of Industry, Employment and Communications, I will be focusing on overall ownership issues for state-owned companies. With Marianne Nivert’s acceptance of this post, we will benefit from a chairman with genuine experience, and the ability to dedicate more time to Posten than I would be able to. The combination of Marianne Nivert as chairman and Erik Olsson as CEO is an excellent solution for Posten,” said Claes Ånstrand.

“Posten is a very exciting and important company, and I am delighted to assume the post of chairman. I am, of course, pleased that Erik Olsson is taking up the position of president and CEO, and I look forward to working together with him,” said Marianne Nivert.

“The challenge for me and for Posten’s 40,000 employees will be to boost confidence in Posten’s ability to combine its public service role with providing good service to our customers with good profitability. Posten must be a competitive, attractive and profitable company,” said Erik Olsson.

Further information about Marianne Nivert and Erik Olsson, and information about Erik Olsson’s terms of employment is attached. Photographs of Marianne Nivert and Erik Olsson can be downloaded from www.posten.se

Please direct any questions
Posten’s Press Office,
tel +46 (0)8-23 10 10

Posten connects people and organizations around the world by delivering mail promptly, reliably and cost-effectively. We drive value creation by combining conventional postal services with convenient electronic solutions, and integrating these services into customers’ businesses. Simply put, we are experts at everything between “From and To.” With over 3,000 retail service outlets, we provide daily service to 4.3 million homes and 500,000 businesses in Sweden. Every day we handle close to 20 million pieces of mail. With sales of approximately SKr22 billion and roughly 40,000 employees, the group is one of the largest in Sweden. The group’s parent, Posten AB (publ), is wholly owned by the Swedish state. For more information, please visit our Web site at www.posten.se.