Management changes at Alecta

10/25/2001 4:37 AM EST

Hans Bergenheim has been recruited as marketing director at occupational
pensions company Alecta. He will be a member of senior management and
will take up his new position at the beginning of 2002. At the same
time, the marketing organisation will be separated from the Insurance
business area to form its own business area.

Hans Bergenheim is 41 and is currently president of Ikanobanken. His
previous employers include PK Finans and Trygg-Hansa.

"Even though we are the sole provider of the collectively agreed ITP
Plan, we need a clearer customer focus when we take care of our 27,000
client companies and 1.4 million ITP insured. Hans' experience will
provide us with an important strengthening in our customer orientation,"
says Alecta's president Lars Otterbeck.

Björn Nilsson, previously responsible for Alecta's Collective Reserve
project, has been responsible for the International Pensions project
since 1 September. Against the background of Alecta's focus on pension
plans, the continued internationalisation of Swedish business and the
EU's occupational pensions directive, in his new role Björn Nilsson will
examine and initiate business ideas which suit Alecta as a supplier of
collectively agreed occupational pension plans.

Matters relating to the collective reserve will be handled within the
Insurance business area under Mikael Elf's leadership. Alecta's senior
actuary Birger Bjurén is responsible for rules and policy issues
relating to surplus funds in Alecta.

For further information, please contact:
Lars Otterbeck, President & CEO, telephone +46 8 441 66 60
Cecilia Schön Jansson, Senior Vice President, Corporate Communications,
telephone +46 8 441 93 50, 046 70 526 93 50