Peter Ragnarsson leaves Axis AB

Peter Ragnarsson leaves his position as CEO of Axis AB after having been offered the same position at another listed company. The work with recruiting his successor is already in progress, during that process Peter Ragnarsson will remain as Axis' CEO for a period of maximum six months.

"We want to express our thanks to Peter, who in a very successful way has restructured Axis to become the focused and profitable company it is today. With the changes in management, we now get the opportunity to find a leader with the best possible abilities to execute Axis' strategies with focus on the growing video and security market", says Mikael Karlsson, Axis' Chairman of the Board.

About Axis
Axis increases the value of network solutions. The company is an innovative market leader in network video and print servers. Axis' products and solutions are focused on applications such as security surveillance, remote monitoring and document management. The products are based on in-house developed chip technology, which is also sold to third parties.
Axis was founded in 1984 and is listed on the Stockholm Stock Exchange (XSSE:AXIS). Axis operates globally with offices in 14 countries and in cooperation with distributors, system integrators and OEM partners in 70 countries. Markets outside Sweden account for more than 95 % of sales. Information about Axis can be found at www.axis.com

For further information, please contact:
Mikael Karlsson, Chairman of the Board, Axis AB
Phone: + 46 46 272 18 30, E-mail: mikael.karlsson@axis.com

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