Beijer Electronics Appoints New CFO

Regulatory News:

Joakim Laurén has been appointed the new CFO for the Beijer Electronics Group (STO:BELE) and will join in mid-January.

Joakim (52) has previously held senior finance positions with Alfa Laval and is currently CFO for the SCAN COIN group.

Joakim Nideborn, acting CFO of Beijer Electronics, has decided to leave in order to take up new opportunities but will remain with the group until end of February 2016.

"Joakim Laurén has a broad international experience, having worked within Alfa Laval for over 15 years in a variety of senior Finance positions, and with the appointment of Joakim we have not only financial experience but also strong business experience for our continued journey forward.

I would also like to take this opportunity to thank Joakim Nideborn for both the support and the professionalism he has shown during my introduction to the Company and wish him every success for the future”, says Per Samuelsson, President and CEO of Beijer Electronics AB.

Beijer Electronics is a fast growing technology company with extensive experience of industrial automation and data communication. The company develops and markets competitive products and solutions that focus on the user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group present in 19 countries and sales of 1,402 MSEK 2014. The company is listed on the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE. www.beijerelectronics.se

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