"We are delighted to have been able to secure the services of Lars Nyberg on the CashGuard Board. In view of the current phase of the company's development, Lars Nyberg's solid experience and considerable know-how concerning products and services with a high-tech content will be extremely valuable," says Christer Zetterberg, Chairman of the Nomination Committee.
Born in 1951, Lars Nyberg has a Masters in Business Administration and is Chairman of the Board of Micronic Laser Systems AB and IBS AB. In addition, he is a Member of the Board of Snap-On Tools Inc, Autoliv Inc and Datacard Inc. Between 1995-2003, he was Chief Executive Officer of NCR Corporation and, prior to that, he held various executive positions within Philips Electronics. He has also been Chairman of the Board of NCR Corporation. The intention is that Lars Nyberg will function as Working Chairman of the CashGuard Board, focusing on strategic issues. The Nomination Committee intends to return with nominations of other Members of the Board and a proposal regarding director fees at a later date.
For additional information, please contact: Lars Johansson, Chairman of the Board of CashGuard AB Tel: +46-70-564 70 55 Ove Wedsjö, Managing Director and Chief Executive Officer, CashGuard AB (publ); Tel: +46-8-732 22 36, firstname.lastname@example.org
Facts about CashGuard AB (publ) CashGuard develops and sells products and services for secure and fully automatic cash handling and cash logistics. Via direct sales and distribution partners, CashGuard focuses on retail companies, post offices and banks, as well as security companies. In October 2004, CashGuard acquired the security products company SQS Security Qube System. The new CashGuard Group has approximately 130 employees and had sales of MSEK 214 in 2005. CashGuard shares are listed on the Stockholm Stock Exchange's Attract 40 List.