Semcon Appoints Deputy CFO.

STOCKHOLM, Sweden -- Semcon (STO:SEMC) has appointed Irene Axelsson as deputy CFO. Irene, born in 1962, has extensive, solid experience of working for listed companies. Irene Axelsson's previous employment has included working at the Bure Group as CIO, with responsibility for IR and HR issues and she was also controller and Finance Director. Prior to this she worked for ESAB as Group Accountancy Manager. Over the past two years she has been involved with board work and had a number of finance, IR and HR assignments at different companies. "It's positive that Irene can start almost immediately as deputy CFO of Semcon," says Henrik Sund, President and CEO of Semcon. The current CFO, Bengt Nilsson, will remain at Semcon for a while to carry out a number of duties for the company.

Semcon is 1,700 people with a passion for creating smart and effective IT solutions, user-friendly technical information and converting product ideas into sales successes. Today Semcon is active in Sweden, Australia, China, Denmark, Hungary, Malaysia, Norway and the UK and via partners in Belgium, France, Portugal and Spain. Semcon had sales of SEK 1.5 billion in 2005 and is listed on the Small Cap list of the Stockholm Stock Exchange.

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