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Sweden's Husqvarna appoints new President/CEO

Magnus Yngen has been appointed new President and CEO of Husqvarna AB, the world's largest manufacturer of chainsaws, lawn and garden equipment, and cutting equipment for the stone and construction industries. He will take office not later than 1 October 2008, when Bengt Andersson will retire.

Magnus Yngen is currently Executive Vice-President of Electrolux and Head of the Major Appliances Europe business sector, which has annual sales of approximately SEK 45 billion. He has held several leading positions in Electrolux since he joined the Group in 1995 and has been a member of Group Management since 2002. In 2002-2006 Mr. Yngen was Head of the Floor-care and Small Appliances business sector.



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