Lars Idermark leaves his post as CEO of Andra AP-fonden/The Second Swedish National Pension Fund in Gothenburg, on November 1st 2005, to take up his new position as CEO of Kooperativa Förbundet (KF), (Swedish Cooperative Union).

“Lars has built up the Fund since its foundation in 2000 and has done an excellent job. I quite understand that, after a period of five years, Lars is keen to accept new challenges, even though the Fund will be sorry to see him go. We shall now initiate a recruitment process to find a new CEO for the Fund,” says Gunnar Larsson, Chairman of Andra AP-fonden.

“It has been exciting to build up Andra AP-fonden, and I shall miss my colleagues. The Swedish national pension system, of which Andra AP-fonden is one of several ‘buffer’ funds, is an important cornerstone of Swedish society,” says Lars Idermark, commenting on his decision.

For further details, please call Gunnar Larsson, Chairman of the Board, on +46 (0)702-797940, Lars Idermark on +46 (0)706-723177 or AnCi Johannisson on +46 (0)702-797910.