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TMCNet:  Kitron: Asa-Matti Lyytinen to resign as chairman

[January 21, 2014]

Kitron: Asa-Matti Lyytinen to resign as chairman

(Thomson Reuters ONE Via Acquire Media NewsEdge) (2014-01-21): Kitron (the "Company") announces today that Asa-Matti Lyytinen has informed the Company of his decision to resign as chairman of the board. In order to facilitate an orderly transition, he will stay in position until a new chairman has been elected. The Company's nomination committee will start the process of evaluating his replacement, and the board of directors will summon a general meeting for election of a new chairman in due time.


For further information please contact: Dag Songedal, interim CEO of Kitron ASA, tel. +47 91 38 64 68 or e-mail dag.songedal@kitron.com Asa-Matti Lyytinen, Chairman of the board of Kitron ASA, tel. +358 40 514 2007 Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence, Energy/Telecoms,Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.7 billion in 2012 and has about 1,200 employees. www.kitron.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Kitron ASA via GlobeNewswire [HUG#1755912]

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