SOURCE: Hoganas

January 02, 2008 03:50 ET

HÖGANÄS AB (publ): Srini V. Srinivasan appointed as Managing Director of Höganäs India Ltd

HÖGANÄS, SWEDEN--(Marketwire - January 2, 2008) -

Höganäs AB today announces that Srini V. Srinivasan will join Höganäs India Ltd, as Managing Director with effect from 2 January, 2008. He brings a substantial track record from sales, manufacturing and general management, both within and outside the powder metals industry. Mr Srinivasan comes most recently from GKN Sintermetals Ltd. India where he was the Managing Director. Mr Srinivasan has also an extensive experience in international business as well as extensive strategic, analytical and leadership skills. Mr Srinivasan will also be a member of the Höganäs Group Management.

Commenting on the appointment, Alrik Danielson, Chief Executive Officer of Höganäs AB, said: "We are extremely pleased to have secured someone of Srini's talent and competence. He brings with him all the skill sets required to take Höganäs to new levels in India and I know that he will be a valuable member of the Group Management."

Srini V. Srinivasan commented: "I am very much looking forward to leading Höganäs India in this phase of fast development and of increased market and customer orientation in a growing economy. The Höganäs Group is a global leader in a large segment of the business I am familiar with. I am quite excited about the prospects to contribute and participate in execution of Höganäs AB's vision and global strategy."

Alrik Danielson                              Anders Andersson
President & Chief Executive Officer          Human Resources Director

Höganäs AB (publ)
Corporate Communications

Höganäs, Sweden, 2 January 2008

This is information that Höganäs AB (publ) may be obligated to make public according to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09.30 on 2 January 2008.

Höganäs was founded in 1797 and is today a leader within the iron and metal powder industry. End products are mainly used by the automotive industry and home appliances, lawn and garden and hand-tools. In 2006 the turnover was MSEK 5 123 (4 594) and income before tax MSEK 525 (408). Höganäs is listed on the Nordic Stock Exchange's Mid Cap list. For further information please visit our website

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