Cardo appoints head of Door business area

12/11/2002 9:00 AM EST

Peter Möller has been appointed head of Cardo's business area Door and a
member of Cardo's group management team. He will be taking up the
position during the first half of 2003.

Peter Möller comes from Atlas Copco, where he has held a position as
head of the Atlas Copco Tools and Assembly Systems division in the
business area Atlas Copco Industrial Technique. He was previously a vice
president of SAAB Automobile with responsibility for technological
development and production.

Peter Möller was born in 1952 and graduated in engineering at Chalmers
University of Technology in Gothenburg, Sweden, in 1976.

Anders Gerhardson, currently vice president human resources in the Door
business area, has been appointed vice president human resources at
Cardo AB and a member of Cardo's group management team. He will take up
his new position on January 1 2003.

Malmö, Sweden, December 11 2002

Cardo AB (publ)

Cardo is an international engineering group and a leading supplier of
high-quality products and systems with a good aftermarket. Cardo holds
strong positions in the markets for doors and pumps. Cardo has
subsidiaries in about 30 countries with the focal point resting in
western Europe.