Haldex Announces New Head of Research and Development

Regulatory News:

Haldex AB (publ) (STO:HLDX) announces the appointment of Per-Erik Kronqvist as Senior Vice President, Research and Development and member of Haldex Group Management. Paul Bale, Senior Vice President, Business Development and acting head of Research and Development will leave Haldex on his own initiative.

Per-Erik Kronqvist has been appointed as Senior Vice President, Research and Development. He will assume his new position on March 1, 2013. Per-Erik Kronqvist joined the Haldex Group in 2010 as Director, Research and Development for Air Disc Brakes and has lead R&D activities within the Automatic Brake Adjuster product line since 2011. His current position is Vice President, Research and Development, Europe and Brazil.  

Paul Bale, Senior Vice President, Business Development and acting head of Research and Development since September 2012 will leave Haldex on his own initiative.

Bo Annvik, CEO and President, Haldex said: "Per-Erik Kronqvist has been instrumental in leading the development of the Air Disc Brake product line and brings valuable technical and program management experience to this position. I would also like to thank Paul for his service and significant contributions to Haldex over the years.”

Haldex (www.haldex.com), headquartered in Landskrona, Sweden, is a provider of proprietary and innovative solutions to the global commercial vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of approx 4 billion SEK in 2011. The number of employees amounts to about 2,350.

Haldex AB (publ) is required to publish the above information under the Swedish Financial Instruments Trading Act. The information was submitted for publication on February 11, 2013 at 10:00 CET.

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