Saab Ericsson Space - Change of Command

Saab Ericsson Space, Sweden - Change of Command

Ivan Öfverholm, President and CEO of Saab Ericsson Space in Göteborg,
Sweden will leave as CEO April 1, 2000. After leading the Company for
exactly 16 years he leaves as CEO to take the role of Adviser to the
Board. He will remain as Chairman of Austrian Aerospace, Vienna and in
other Boards. Saab Ericsson Space reported 1999 the best result so far
after a continuous growth for 10 years. As his successor
Mr Bengt Mörtberg has been appointed new President for Saab Ericsson Space AB.
He has previously served as the General Manager for Saab Ericsson Space
Mechanical Systems Division.

Bengt Mörtberg holds a Master's degree of Engineering from the University
of Technology in Linköping, Sweden. He has worked for Saab Ericsson Space
at several occasions since 1975 and in various staff positions. Bengt
Mörtberg has acquired a wide international experience from different
appointments in leading positions within the Inmarsat in London and
Princeton, NY, USA for more than 10 years.

Bengt Mörtberg will continue the build-up work for a network of
independent suppliers of space equipment.

"Saab Ericsson Space operates in an very exciting technical field with
great market potential, says Bengt Mörtberg. The ongoing reorganization of
international space industry increases the demands on subsystem suppliers.
Saab Ericsson Space structure with focus on products, customers and
markets is well prepared to meet the international competition. It will be
very stimulating to conduct the company into the new millenium", continues
Bengt Mörtberg.

Saab Ericsson Space is an international supplier of equipment for use in
space. The company develops and manufactures computers, antenna systems,
microwave electronics and guidance and separation systems for launch
vehicles and satellites, and is the world leader in several of its product

The headquarters is located in Göteborg, a Technical Division is at Saab
in Linköping and there are subsidiaries in Austria and the USA. Of the
company's 650 employees, more than half hold Master's or Doctor's degrees
in technical fields.

Saab Ericsson Space is jointly owned by Saab and Ericsson.

Saab AB is active in the aircraft-, space- and defense industry and
supplies advanced products and systems based on sophisticated information
technology. The business areas are Military Aerospace, Space, Training
Systems, Commercial Aircraft and Combitech.

For further information, please contact:
Iréne Svensson,
Communications Director, Saab Ericsson Spacetel. +46 31 735 44 63 or +46
705 35 08 18.

Photograph of Bengt Mörtberg are available on

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