IBS appoints new acting CFO

Press Release

STOCKHOLM, January 15, 2010 - IBS have appointed Fredrik Sandelin as acting Executive Vice President and CFO as of March. Fredrik Sandelin has more than 20 years of experience of executive positions in publicly listed companies in Sweden. Fredrik Sandelin joins IBS from the communications group A-Com where he has been CEO for the last 8 years. Previous experiences include executive positions within Hilton/Scandic Hotels in Sweden, Executive VP and CFO at the Scandic Group and Finance Director of Ratos.


For more information, please contact:
Oskar Ahlberg, Senior Vice President of Communications, IBS AB
Tel: +46-70-244 24 75


About IBS
International Business Systems (IBS), the leading business application supplier for wholesale and distribution helps companies differentiate themselves on the strength of their distribution operations.

Founded in 1978, IBS has over 30 years of experience in the distribution industries ranging from automotive and electronics to paper, publishing, pharmaceuticals, food and beverage. This deep understanding of distribution models and best practices is embodied within IBS Enterprise, a distribution resource management application suite on which thousands of the world's most successful companies now rely.

IBS B share is listed on NASDAQ OMX First North Exchange Stockholm. For more information, please visit www.ibs.net