Bohler-Uddeholm Corporation: New President at Bohler-Uddeholm Corporation

FOR IMMEDIATE RELEASE:

Contact:
Mark Appleton
Bohler-Uddeholm Corporation
4902 Tollview Drive
Rolling Meadows, IL 60008
Phone: 847-577-2220 x 492
Fax: 847-577-8028
E-mail: mark.appleton@bucorp.com

Rolling Meadows, IL: July 8th, 2004–Bohler-Uddeholm AG, the worldwide leader in the production of high quality tool steels with a marketing network that spans the globe has appointed Tommie Nilsson to the position of President and CEO for Bohler-Uddeholm Corporation (USA). Mr. Nilsson takes over the role from Erik Svendsen who has led the organization for fifteen years and who will now take on sole responsibility as President and CEO for Bohler-Uddeholm Limited in Canada.

Tommie Nilsson holds a M.Sc. and Ph.D. degree from the Institute of Technology, Stockholm, Sweden. Most recently he occupied both technical and commercial positions in the SKF-Ovako group where he was Director of Global Sales and Marketing. Mr. Nilsson brings nearly 20 years of valuable experience to Bohler-Uddeholm Corporation and will lead efforts to strengthen Bohler-Uddeholm’s industry leading position in the United States.

With this change the Management Board of Bohler-Uddeholm AG has decided to install separate management teams for Bohler-Uddeholm Corporation (USA) and Bohler-Uddeholm Limited (Canada) in order to optimize customer-facing activities, operational capacities and capabilities. This change will allow the company to focus more on the specific needs of the two different countries and to react faster to customer needs and to the demands of these markets.

Bohler-Uddeholm is the World’s leading manufacturer of High Quality Tool Steels suitable for Metalforming and Stamping Dies as well as Plastic Molds, Die Casting Dies, Extrusion Dies and Forging Applications. With 14 locations throughout the United States,
Bohler-Uddeholm Corporation’s service centers supply customers with bars, cut-to-size pieces or accurately machined and ground blocks in a wide range of High Performance Metal grades. The company has been established in the United States for over 75 years.

If you would like more information about this subject please contact Mark Appleton at
847-577-2220 x492 or e-mail mark.appleton@bucorp.com