Cecilia Kragsterman leaves Skandia

    Cecilia Kragsterman leaves Skandia

Cecilia Kragsterman has been head of the Global Business Development
unit and a member of the executive management team since January 2002.
Due to changing market conditions and priorities within the company,
management made the decision in the summer of 2003 to phase out the unit
and transfer development work to the group's respective regions. The
phase-out of Global Business Development has now been completed. In
connection with this, Cecilia Kragsterman has decided to leave Skandia.

"With the phase-out of Global Business Development, I have decided to
leave Skandia. My 19 years at Skandia, of which six years were spent
leading SkandiaLink through its build-up and expansion, have been
tremendously instructive and stimulating. Now that my most recent area
of responsibility has been properly integrated with the operating units,
it feels natural to look at new challenges, this time outside Skandia,"
says Cecilia Kragsterman.

"We thank Cecilia for her commendable work during her time at Skandia.
She has had a number of leading positions and has made many important
contributions to the company's development," says Hans-Erik Andersson,
CEO of Skandia. "We wish Cecilia well in her future endeavors."

For further information, please contact:
Cecilia Kragsterman, tel. [phone]
Gunilla Svensson, Press Manager, tel. [phone]