2011-06-13

Division manager of Haldex Hydraulic Systems will leave at his own request

Ian Dugan, Division Manager of Haldex Hydraulic Systems, is to leave the company at his own request. Ian Dugan will manage the planned stock exchange listing of Hydraulic Systems Division until a successor has taken office. Haldex has commenced the process of recruiting Ian Dugan’s successor.

“We are very satisfied with Ian’s work on developing Hydraulic Systems into a global market leader with attractive new growth opportunities combined with healthy profitability,” says Joakim Olsson, President and CEO of Haldex AB.

For further information, please contact:

Joakim Olsson, President and CEO, Tel: 46 (0)8-545 049 52.

Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of proprietary and innovative solutions to the global vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of nearly 5.5 billion SEK in 2009. The number of employees amounts to about 4,000.

Haldex discloses the information in this press release according to the Swedish Securities Market Act and/or the Swedish Financial Trading Act. The information was provided for public release on Monday January 31, 2011.

Information about the company: Haldex AB

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