It is my pleasure to inform you all that I now retire from my position as Managing Director of Tapflo AB in Sweden . I will from now on act as Chairman of the Board of Directors and will work part time with our operations in East Europe as well as with our production company in Poland .

Håkan Ekstrand, which most of you already know well, has been appointed my successor as MD of Tapflo AB. Håkan is based at our office in Sweden and will also act as Export Director until a successor for that position has been recruited. He is also MD for Tapflo (PTY) Ltd in South Africa .

Today Tapflo AB is the owner of Temag Pumpar AB in Sweden as well as share holders in Tapflo (UK), Tapflo Ireland , Tapflo  France , Tapflo Iberica, Tapflo Italy , Tapflo Denmark and CDR Pompe Srl.

It is my conviction that this change will be beneficial for all of us. I have the greatest trust in Hakans abilities and I have experienced many great success stories together with him, during the past 15 years, building the Tapflo group with many of you.

Effectively, Hakan will start on this position Monday 3^rd of September 2007.

With this letter I also would like to thank you all for the continuous support and joy you have given me during the years. And I look forward to meet you all at various occasions. I will always be a keen spectator on Tapflo events and I am always available for you at my cell phone or e-mail address.