Leif Thorwaldsson takes over as PartnerTech CEO 

Rune Glavare has decided to
leave his position as PartnerTech President and CEO.
The Board of Directors has
replaced him with Leif Thorwaldsson, currently
manager of the Solid Wood
business area at Swedwood AB. Until Leif Thorwaldsson
can take over his new
position Rune Glavare will remain President and CEO.

"Rune Glavare has carried
out extensive change and restructuring in the
PartnerTech Group over the past
2½ years," says Board Chairman Patrik
Tigerschiöld. "His contributions have
been exceptional, while his knowledge and
experience of the contract
manufacturing industry have been tremendously useful.
Under his leadership, the
group has improved its performance and productivity,
creating a platform of
clearly defined market areas, an efficient industrial
structure and an
attractive customer offering to build on."

Leif Thorwaldsson (age 51) is
current manager of the Solid Wood business area at
Swedwood, an IKEA subsidiary
that specializes in the manufacture and
distribution of wood-based furniture
and kitchens. Among his previous positions
were as CEO and Managing Director of
the CPT Group in the graphic logistics and
IT industry, as well as a number of
different responsibilities at the Cardo
Group. He holds an engineering degree
from Chalmers University of Technology.

“Leif Thorwaldsson has long led and
managed units whose core activities include
production and related issues,"
says Mr. Tigerschiöld. "He is highly business
oriented and has demonstrated
great knowledge and wisdom when it comes to
customer value and satisfaction.
The Board is firmly convinced that he is the
right person to guide PartnerTech
through the challenges and opportunities
facing us."

For additional
information, please call: 
Patrik Tigerschiöld, Chairman of the Board,
PartnerTech AB, +46 8 614 00 20
Rune Glavare, President and CEO, PartnerTech
AB, +46 (0) 706 20 24 54
Leif Thorwaldssson, newly appointed President & CEO
PartnerTech AB, +46 (0) 758
32 650

PartnerTech develops and manufactures
products under contract for leading
companies, primarily in Defense and
Maritime, Industry, Information Technology,
MedTech and Instrumentation,
CleanTech and Point of Sale Applications. With
upwards of 1,300 employees at
its plants in Sweden, Norway, Finland, Poland, the
UK, the United States and
China, PartnerTech reports annual sales of more than
SEK 2 billion. PartnerTech
AB (www.partnertech.com), the parent company, has its
head office in Vellinge,
Sweden and is listed on the OMX Nordic Exchange
Stockholm.

The above
disclosures have been sent to the Swedish Financial Supervisory
Authority
(Finansinspektionen).