Net Asset Value(s)
Atlas Copco: Tom Zorn appointed Business Area Executive for Rental Service
Stockholm, Sweden, December 16, 2004: Effective January 1, 2005, Tom Zorn has
been appointed Business Area Executive for the Rental Service business area, and
CEO for Rental Service Corporation. He succeeds Freek Nijdam, who will remain in
the position as Chairman of the legal operation.
Tom Zorn joined Rental Service Corporation in June 2003 and has, since July 1,
2004, been heading the regional operations of the business area as Chief
Operating Officer. In his new position, Zorn will be a member of Atlas Copco's
Group Management.
"Tom Zorn has a deep knowledge of and a long experience from the rental
industry, combined with proven leadership skills," says Gunnar Brock, President
and CEO, Atlas Copco Group. "He has contributed strongly to the implementation
of the turn-around strategy that reversed the negative trend of the business
area, and to the process of restructuring the districts and making them more
efficient."
Tom Zorn has a BA in Economics, and an MBA from the University of Michigan.
During the first eight years of his career, he held various positions within
Ford Motor Company. From 1996 he was responsible for the Budget Truck Rental
division. After a one-year assignment as Senior Vice President, Global Strategy
for Security Capital Group (a subsidiary of GE Capital), Zorn returned to Budget
Rental Car as the President of Ryder Truck Rental (TRS) and Budget Truck Rental.
Freek Nijdam, who has been serving Atlas Copco in various positions in a number
of countries since 1970, remains in the position as chairman of the board of
Rental Service Corporation. He will also continue to work with special
assignments and will report to the President and CEO of the Atlas Copco Group.
For further information please contact:
Gunnar Brock, President and CEO
+46 (0)8 743 8000
Annika Berglund, Senior Vice President Communications
+46 (0)8 743 8070 or +46 (0)70 322 8070
Atlas Copco is an international industrial Group with its head office in
Stockholm, Sweden. In 2003, the Group had revenues of approximately BSEK 45
(BEUR 4.9), with 98% of revenues outside Sweden, and about 26 000 employees. The
Group produces and markets compressed air equipment and generators, construction
and mining equipment, electric and pneumatic tools, and assembly systems and
offers related service and equipment rental. The Atlas Copco Group includes
famous brands such as Atlas Copco, RSC, and CP Chicago Pneumatic. More
information can be found on www.atlascopco-group.com.
Rental Service Corporation, a company within the Atlas Copco Group, fulfills the
rental and sales demands of the construction, industrial/petrochemical,
manufacturing, government and homeowner markets in the United States, Canada,
and Mexico. The company operates two well-respected brands: RSC and Prime
Energy. RSC serves the construction market - comprised of heavy equipment and
commercial construction - while Prime Energy provides oil-free air, generator
and temperature-control services to a broad range of industries. For more
information visit www.rentalservice.com.
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