Peter Nilsson takes over at Trelleborg as Arp moves to Volvo

Trelleborg, Sweden--The Board of Directors of Trelleborg AB has appointed Peter Nilsson, currently president of the Trelleborg Engineered Systems business area, as the new president and CEO of the Trelleborg Group. He will assume the post on October 1, 2005 and succeeds Fredrik Arp, who is leaving the Trelleborg Group after nearly seven years as CEO, to become chief executive officer and president of Volvo Cars Corp. Arp also assumes his new post on October 1, 2005.

"With his international experience and expertise regarding the company, Peter Nilsson is the right person to further develop the Trelleborg Group," says the Chairman of Trelleborg AB's Board, Anders Narvinger, commenting on the appointment. "Peter's experience of operations in markets important to Trelleborg, such as Asia, combined with his ability to translate applications know-how and customer needs into growth is precisely what the Trelleborg Group needs," states Narvinger.