February 7, 2003
Stockholm, Sweden, February 7, 2003 - Fredrik Möller has been appointed President of Atlas Copco Tools and Assembly Systems, a division within Atlas Copco's Industrial Technique business area, effective March 1, 2003. He will succeed Peter Möller, who takes up a position outside the Group.
Fredrik Möller, who is currently General Manager of the division's North America operations, began his career with Atlas Copco Tools and Assembly Systems (ACTA) in 1990, directly after his graduation. During his 12-year long career he has held managerial positions in sales, marketing and product development and he has achieved a broad experience and knowledge of this business.
“Fredrik has contributed to a major growth of the division's business in North America, especially within the motor vehicle industry,” says Göran Gezelius, Senior Executive Vice President of Atlas Copco AB and head of the Industrial Technique business area.
“I am convinced that he is the right person to lead the division in this period of expansion into new markets.”
Fredrik Möller holds a Masters of Science degree from Linköping Institute of Technology and an MBA from Weatherhead School of Management, Cleveland, Ohio, USA.
CONTACT: Göran Gezelius, Senior Executive Vice President, Industrial Technique Phone +46-8-743 8505, firstname.lastname@example.org
Marianne Hamilton, Senior Vice President, Organizational Development and Management Resources, email@example.com
Phone +46-8-743 8590, mobile +46 70 665 8590
Atlas Copco Tools and Assembly Systems develops, manufactures, and markets hand-held electric and pneumatic tools and assembly systems. The products are primarily sold to the automotive and general industry world-wide. With customer service centres in many parts of the world, the company offers not only a complete range of products and service, but also global project management for multi-national customers. The division employs more than 1700 people world-wide and the head quarter is located in Stockholm, Sweden. Atlas Copco Tools and Assembly Systems is a division within the Industrial Technique business area of the Atlas Copco Group. See www.atlascopco.com/tools
Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2002, the Group had revenues of SEK 48 billion with 98% of revenues outside Sweden, and close to 26,000 employees. The Group produces and markets compressed air equipment and generators, construction and mining equipment, electric and pneumatic tools, and assembly systems and offers related service and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC, Milwaukee Electric Tool, Chicago Pneumatic, and AEG Power Tools. More information can be found on the web site: www.atlascopco-group.com.