Joakim Olsson, new President and CEO of Haldex

STOCKHOLM, Sweden, March 11, 2005 (PRIMEZONE) -- Joakim Olsson, at present CEO of ABB in Brazil, will succeed Claes Warnander as President and CEO of Haldex AB as of June 1, 2005.

Joakim Olsson, M.Sc.ME, is 39 years old with a solid career within ABB, beginning in Sweden and USA, then CEO of ABB's transformer company in Germany, thereafter globally responsible for the ABB power transformer operations headquartered in Switzerland and as of late CEO of ABB in Brazil.

For further information please contact Sune Karlsson, Chairman of the Board, phone +41 796 36 41 19.

Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Stockholm Stock Exchange and has annual sales of nearly 7 billion SEK with 4,400 employees.

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