IBS to introduce new organization for increased internationalization and efficiency

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On July 1, IBS will introduce a new organizational structure and management model creating a foundation for increased efficiency and a stronger offering to international customers.

To reflect customer organizations to a greater degree and to improve international coordination of R&D and other processes, IBS is introducing a new organization that will be managed based on both geography and industry sector. Geographically, the organization will be divided into the five regions: the Nordic countries, Central Europe, Southern Europe, North America and Asia Pacific. In parallel, two global functions will be established for R&D and Operations to optimize internal processes to be able to provide even better customer service. The new organization and management model will also have a greater emphasis on a number of industry solutions that IBS targets, both on an international and local level.

"The introduction of a new organization and management model creates a platform for implementing our strategy as quickly as possible and establishing a leading position internationally in a number of industries. Prioritized areas for development are increasing efficiency in the organization, improving international coordination and increasing software sales. We will take a number of measures during the second half of the year with the objective of increasing profitability over the coming years," says Erik Heilborn, President and CEO of IBS AB.

New Group management will be established consisting of Erik Heilborn, President and CEO, Per-Arne Sendrn, Executive Vice President and CFO, Henrik Stache,  Vice President of Sales, Kjell Nilson, Vice President of Products & Development, Ole Fritze, Acting Vice President of Operations, Eva Holmberg, Vice President of HR & Legal, John Womack, Vice President of Communications & IR, Barry Christian, Area Manager for the US, Esa Parjanen, Area Manager for the Nordic countries, Mark Cockings, Area Manager for Central Europe, Luis Costa, Area Manager for Southern Europe and Gustaf Lindgren, Acting Area Manager for Asia Pacific.

In conjunction with the publication of the interim report for the second quarter in August 2006, IBS will present planned measures for increased international coordination and improved internal processes intended to increase efficiency and profitability.

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