Hexagon strengthens its management in the US

HEXAGON STRENGTHENS ITS MANAGEMENT IN THE USA William Gruber will take up the position for Hexagon Metrology's North American operations, as President of Brown & Sharpe Inc. Mr Gruber will succeed Mr Jack Beagley who will continue in his present role as President & C.E.O. of Hexagon Metrology. In this position Mr. Gruber will be responsible for all commercial and operational activities related to sales and aftermarket services of Hexagons North American co- ordinate measurement machine business. Mr. Gruber is currently a Corporate Vice President of Milacron, Inc., responsible for the U.S. Plastic Machinery Business. During the last decade Mr Gruber's career has been notable for developing Customer Service concepts in response to the growing trend of outsourcing taking place throughout the Industrial Markets in the United States. Business units under his leadership have distinguished themselves with higher then average growth and customer awards, such as General Motors' coveted "Supplier of the Year" Awards. For further information, please contact: Ola Rollén, President and CEO William J. Gruber Hexagon AB Tel: +46 8 601 26 20 Tel: + 1 401 886 2150 Hexagon AB is a multinational engineering group with the long-term ambition of positioning itself as number one or number two within its strategic sectors. The operation is divided into three business areas; Hexagon Automation, Hexagon Engineering and Hexagon Metrology. The group's targets are to increase earnings per share after tax by at least 15 per cent p.a., and achieve a return on capital employed of more than 15 per cent over a business cycle. Current turnover amounts to more than 7 GSEK p.a.