Regulatory News: Scania's (STO:SCVA)(STO:SCVB) Board of Directors has extended the
President and CEO Leif Ostling's employment contract by three years,
until 31 March 2012.
The terms and conditions of the new contract will remain
essentially the same as in the current contract.
The Board of Directors believe that the extension of President and
CEO Leif Ostling's employment contract will secure stability and
continuity for Scania, to the benefit of all shareholders.
Scania is one of the world's leading manufacturers of trucks and
buses for heavy transport applications, and of industrial and marine
engines. A growing proportion of the company's operations consists of
products and services in the financial and service sectors, assuring
Scania customers of cost-effective transport solutions and maximum
uptime. Employing 35,000 people, Scania operates in about 100
countries. Research and development activities are concentrated in
Sweden, while production takes place in Europe and South America, with
facilities for global interchange of both components and complete
vehicles. In 2007, invoiced sales totalled SEK 84.5 billion and the
net income amounted to SEK 8.5 billion.
Scania press releases are available on the Internet at
www.scania.com This information was brought to you by Cision
http://newsroom.cision.com
Regulatory News:
Scania’s (STO:SCVA)(STO:SCVB) Board of
Directors has extended the President and CEO Leif Östling’s
employment contract by three years, until 31 March 2012.
The terms and conditions of the new contract will remain essentially the
same as in the current contract.
The Board of Directors believe that the extension of President and CEO
Leif Östling’s
employment contract will secure stability and continuity for Scania, to
the benefit of all shareholders.
Scania is one of the world’s leading
manufacturers of trucks and buses for heavy transport applications, and
of industrial and marine engines. A growing proportion of the company’s
operations consists of products and services in the financial and
service sectors, assuring Scania customers of cost-effective transport
solutions and maximum uptime. Employing 35,000 people, Scania operates
in about 100 countries. Research and development activities are
concentrated in Sweden, while production takes place in Europe and South
America, with facilities for global interchange of both components and
complete vehicles. In 2007, invoiced sales totalled SEK 84.5 billion and
the net income amounted to SEK 8.5 billion.
Scania press releases are available on the Internet at www.scania.com
This information was brought to you by Cision http://newsroom.cision.com
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