Lorentzen & Wettre appoints Patrik Stolpe as its new President

KISTA, Sweden, Oct. 14, 2009 (Press Release) -

Mr. Patrik Stolpe has been appointed new President of Lorentzen & Wettre. Mr. Stolpe has worked in the company since 1989 and comes to this position with more than 20 years of global experience. Mr. Stolpe has held various positions within the company through the years, for example as President of the Scandinavian subsidiary, as President of the Chinese subsidiary and as Vice President Marketing which is Mr. Stolpes present position.

In his new role as President, Mr. Stolpe will continue the process of developing and expanding the business of providing the world's paper industry with advanced equipment for quality control and process optimization from a position as the market and quality leader.

Mr. Peter Uddfors, President of Lorentzen & Wettre since 2003, has at his own request decided to pursue new challenges outside the group.

Mr. Patrik Stolpe will enter his new position no later than November 1, 2009.