Colfax Names Arne Forslund Vice President of Europe, Middle East, Africa and Asia

26-Apr-2010 - Germany

Colfax Corporation announced that Arne Forslund has been promoted to the newly-created position of Senior Vice President Europe, Middle East, Africa and Asia effective immediately. In this position he will also be CEO of Allweiler AG. Furthermore he will be responsible for the Company's global commercial marine strategy. Forslund was most recently Managing Director of Colfax subsidiary Imo AB in Sweden. Dr. Michael Matros, Senior Vice President and CEO of Allweiler AG has resigned. He is expected to remain as an advisor to the company. Frank Kirchner will still be CFO and member of the Executive Board at Allweiler.

A. Forslund joined Colfax in 2009 and was previously President and CEO of NOTE AB, a publicly traded provider of electronics manufacturing services based in Sweden with operations in Europe and China. Prior to joining NOTE in 2005, he was Operations Director Europe for Teleflex Morse. From 2000 to 2003, Forslund served in several increasingly senior positions for Danaher Corporation including Global Manufacturing Strategy Manager for Danaher Motion and President of Danaher Motion Special Purpose Systems in Sweden.

Dr. Michael Matros has been for 13 years with Allweiler AG and was promoted in 2006 to the General Manager/ CEO - Allweiler and Senior Vice President of Colfax.

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