Changes to Nolato's Group management

ERJ staff report (LMH)

Torekov, Sweden -- Nolato president and CEO Hans Porat will takes over the position of head of Nolato medical business in October 2012. He will replace Christer Wahlquist, who has decided to accept a position outside the Nolato Group.

Wahlquist has worked for Nolato since 1996, and has been head of the medical business since 2005.

"Christer has played an important part in the development of Nolato Medical, which has shown good growth under his leadership and now records annual sales of more than SEK 1 billion," said Porat. "I would like to thank Christer for his efforts, and to wish him good luck in his new role.

At the same time, Porat will hand over the position of head of Nolato industrial business to Johan Arvidsson, managing director of Nolato Hungary.

Arvidsson has worked for Nolato since 1994 and has been managing director of Nolato Hungary - a position that he will retain alongside his new role - for four years. Johan will also join the Group management team.

Nolato, which uses silicone and latex rubber in some of its products, said its medical growth strategy remains unchanged.

With effect from October, Nolato's Group management team will therefore consist of President and CEO Hans Porat, CFO Per-Ola Holmström, Head of Nolato Telecom Jörgen Karlsson and Head of Nolato Industrial Johan Arvidsson.

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Press release from Nolato Group