Preliminary result of special audit at Trelleborg AB
In recent weeks, details have appeared in the Swedish media questioning former
Trelleborg president Kjell Nilsson's use of the Company's aircraft and the
part he has played in the purchase of various building services, among other
matters. Accordingly, at its meeting on January 26, the Trelleborg AB Board of
Directors urged the Company's auditors to investigate the various claims as
quickly as possible.
The Trelleborg AB Board has today discussed a preliminary audit memorandum
regarding former president Kjell Nilsson's expenses in connection with his use
of the Company aircraft and arrangements surrounding certain hunting trips in
Sweden and abroad, among other matters. The Board has come to the conclusion
that it cannot be ruled out that certain of these trips were of a private
The Board has therefore decided that it will take contact with Kjell Nilsson
to jointly review the preliminary audit memorandum. Following this review, the
Board will decide on further measures.
With regard to the decisions taken on the purchasing of building services from
PEAB and the location of a management conference at the Högfjälls hotel in
Sälen, the auditors were unable to note any irregularities, and market prices
seem to have applied. However, the Board is of the opinion that in both cases,
these decisions should have been confirmed by itself, since Kjell Nilsson is
the Chairman of PEAB and a principal owner of the Högfjälls hotel.
Finally, in the case of the Company's apartment in Stockholm, the Board notes
that this accommodation was used in accordance with generally accepted
practice in similar situations.
For further information, please contact Senior Vice President Corporate
Communications, Leif Öberg, telephone: +46 410 670 39, or +46 708 540 540.
Please visit http://www.bit.se for further information
The following files are available for download: