The board has appointed Sven Löfquist as a new president and CEO for Micronic
12/21/2000 8:44 AM EST
The board has appointed Sven Löfquist as new president and CEO for
Micronic
Täby, Sweden, December 21, 2000 - Micronic Laser Systems AB (OM Stockholm
Exchange: MICR) is a company at the forefront of semiconductor and display
laser pattern generators for the production of photomasks to the worldwide
electronic industry.
Micronic's board of directors has today appointed Sven Löfquist as new
president and CEO for Micronic Laser Systems AB effective from March 13,
2001. Bert Jeppsson, the present president and CEO, will be suggested as
new executive chairman of the board at the Annual General Meeting on
March 13, 2001.
"Sven Löfquist is Executive Vice President at the company since 1999 and
is also one of the founders of Micronic. With his broad and deep knowledge
of both the technology and market, Sven has the right experience to bring
Micronic further in the important expansion phase", says Christer
Zetterberg, Chairman of the Board. "Bert Jeppsson as executive chairman
of the board will ensure that the continuity will be kept", continues
Christer Zetterberg.
About Micronic Laser Systems
Micronic Laser Systems is a Swedish high-tech company engaged in the
development, manufacture and marketing of a series of extremely accurate
laser pattern generators for the production of photomasks. The technology
involved is known as microlithography. Micronic's systems are used by the
world's leading electronics companies in the manufacture of television and
computer displays, semiconductor circuits and semiconductor packaging
components.
Micronic is located in Täby, north of Stockholm and has subsidiaries in
the United States, Japan and Taiwan. Micronic is projecting to almost
triple its net sales from MSEK 213 in 1999 to exceed MSEK 600 for year
2000. Micronic also announced a projected strong improvement of the
operating margin for the full year. Micronic has around 260 employess
worldwide.
Micronic maintains a web-site at: www.micronic.se