Cybercom Group: Cybercom Appoints Odd Bolin as CFO

Cybercom (STO:CYBE) has recruited Odd Bolin as its new chief financial officer (CFO). Bolin’s most recent position was with Ceres Corporate Advisors, a corporate finance advisor, where he was a co-founder and partner.

Odd Bolin, age 45, holds an MSc in engineering physics. He has been active in the Swedish financial industry since the mid-1990s, when he began as an equity analyst at Hagströmer and Qviberg, and later was appointed Head of H&Q Technology Research. In 2003, he co-founded Ceres Corporate Advisors, a technology-focused M&A boutique. He has also held board positions in the IT consultancy sector.

“Odd Bolin has a very valuable financial background with deep insight into our industry,” says Patrik Boman, president and CEO of the Cybercom Group. “His experience and skills will be strong contributions to Cybercom’s executive management. I’m delighted that he will be involved in Cybercom’s growth and future.”

“Cybercom is an exciting company that I’ve followed since 1999,” says Odd Bolin. “It’s positioned itself very attractively in recent years and I see major potential. I’m particularly attracted by the company’s international strategy – I see it as a major competitive advantage in the industry. I’m looking forward to participate in Cybercom’s continued growth.”

Odd Bolin assumes his position with Cybercom no later than 1 May 2009. He replaces Per Jonsson, the current CFO, who has taken a position in Brussels.

About Cybercom

The Cybercom Group is a high-tech consultancy that offers global sourcing for end-to-end solutions. The Group established itself as a world-class supplier in these segments: security, portal solutions, mobile services, and embedded systems. Thanks to its extensive industry and operations experience, Cybercom can offer strategic and technological expertise to these markets: telecom, industry, media, public sector, retail, and banking and financial services. The Group employs 2000 persons and runs projects worldwide. Cybercom has 24 offices in 10 countries. Since 1999, Cybercom’s share has been quoted on the OMX Nordic Exchange. The company was launched in 1995. Find out more at: www.cybercomgroup.com.

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Contacts

Cybercom Group
Patrik Boman, president and CEO
+46 73 983 89 79
or
Odd Bolin, incoming CFO
+46 70 428 31 73
or
Kristina Cato, communications director and IR manager
+46 708 64 47 02