Management Changes Continue at Valinge

Viken, Sweden, Feb. 9, 2011 -- The management shakeup at Valinge Flooring Technology continued yesterday as four board members resigned.

Chairman Tomas Billing, Viveca Ax:son Johnson, Johanna Hagelberg, and Sverre Larssen tendered their resignations effective immediately.

Darko Perván, Tony Perván and Linda Perván-Lindeborg are the remaining board members. The Perván family owns 50% of Valinge Flooring Technology through a holding company but are in the process of buying the remaining shares.