Nomination Committee proposes Adcore’s new Board

2001-03-16

New Board appointee Gunnar Brock was previously CEO and President of Tetra Pak, and is a Board member of Lego, Perstorp and IMD (the Institute for Management and Development, Switzerland). He has also been proposed as a Board member of OM Gruppen

Departing Chairman Christer Jacobsson commented “I’ve worked intensively on building up a successful consulting practice—Connecta—over the last eight years, and after the merger with Information Highway, and the resulting creation of Adcore, feel it’s right to hand over total responsibility definitively to the operational management. The by-pass surgery I had a few years ago has also influenced by decision.”

Mr. Jacobsson continued: “I’d already planned to down-scale my workload before the merger, but staying on for a while felt natural, assuming responsibility for the successful conclusion of the two enterprises’ integration. From a new base outside Sweden, I’ll be able to operate in a freer roll as an adviser on Adcore’s ongoing development, and particularly on the continued expansion of its European operations.”

“I’ll remain a major shareholder in the corporation, and am looking forward to monitoring ongoing progress from a distance, progress that we’ve laid the foundation for over the last year.”

In response, Adcore’s CEO and President Göran Wågström said: “I’m saddened by Christer’s decision in several senses because his unswerving enthusiasm and in-depth experience have been invaluable assets to the creation of Adcore. Our views of developing Adcore are very similar, and on a personal level, I’ve felt Christer’s sterling support in the work we’ve put in over the last year. I respect his decision and am pleased that he’s willing to be available as an adviser looking ahead.”

The Nomination Committee comprises Anders G Carlberg (member of the Adcore board of directors), Thomas Ehlin from Nordea funds and Mats Gustafsson from SEB Invest.

Stockholm, Sweden, 16 March 2001,

Adcore AB (publ)