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Baldwin Elects Claes Warnander to the Company's Board of Directors

Thursday, November 15, 2007

Press release from the issuing company

SHELTON, Conn.--Nov. 14, 2007--Baldwin Technology Company, Inc., a global leader in process automation technology for the printing industry, announced today that Claes Warnander has been elected to the Company's Board of Directors.
Since June of 2005, Mr. Warnander has served as Chairman of Haldex China, overseeing Haldex's business expansion in China. Prior to that, he was the President and CEO of Haldex from 1988 to 2005, growing the company from approximately $100 million to $1 billion in annual sales. Haldex is listed on the Swedish Stock Exchange.
Currently, Mr. Warnander serves on the Board of Velux, a Danish manufacturer of roofs, windows and skylights. He recently concluded service on the Boards of two Swedish companies including Nolato, a manufacturer of polymer components and systems products for use in telecom, medical and industrial applications, and Emotron, a manufacturer of controls of electric motors.
Mr. Warnander, 64, received an LL.B from Stockholm University, an MBA from Umea University in Sweden, and a Master of Science degree from Stanford University (Fullbright Scholarship).
Baldwin Chairman Gerald A. Nathe said, "We welcome the addition of Claes to our Board of Directors. With his extensive international experience in Europe, America and Asia, we anticipate that he will be a valuable contributor to Baldwin as the Company expands operations in the global marketplace."

 

 

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