George Caplea Appointed Executive Vice President of Trelleborg AB
STOCKHOLM, Sweden--Sept 10, 2001--George Caplea, 51, was today appointed an Executive Vice President of Trelleborg AB. George Caplea has been President of the Trelleborg Automotive business area since 1998."Following two major acquisitions, BTR and LACD, the automotive industry and the Trelleborg Automotive business area in turn have assumed increased importance within the Group," says Trelleborg CEO Fredrik Arp. "Today, Trelleborg Automotive accounts for about 60 percent of total Group sales. It is therefore natural that George Caplea and his expertise within this industrial segment are clearly recognized in our organization."
Hans Porat, an Executive Vice President of Trelleborg AB since 1996, continues as Deputy Chief Executive Officer.
Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of our customers. The Trelleborg Group has annual sales of SEK 18 billion (pro forma 2000, including the most recent acquisitions), with approximately 16,500 employees in 40 countries. Trelleborg consists of four business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems and Trelleborg Building Systems. The Trelleborg share has been quoted on the A list of the Stockholm Exchange since 1964.