Management change at Mycronic

STOCKHOLM,Sept. 7,2021 -- Mycronic AB (publ) has today appointed Pierre Brorsson as Chief Financial Officer effective October 25,2021. A Swedish citizen born in 1972 with a MSc in Business Administration from Linköping University,Pierre is currently working in his own company focusing on Acquisitions and Financial Management. He is today engaged as Integration Manager by Atlas Copco for their newly formed Machine Vision Solution division. He was previously Group CFO at Ramirent between 2016 and 2018 and before that held senior positions both as Financial Manager as well as VP Business Development at Atlas Copco.

"I am very pleased to welcome Pierre to Mycronic",says Anders Lindqvist,Mycronic's President and CEO. "Pierre has a solid international industrial background from key financial and business development functions in Atlas Copco and Ramirent. I am convinced he has the right skills,experience and drive to contribute to Mycronic´s further profitable growth in several ways. Pierre will in the management team,in addition to the CFO-scope,assume responsibility for Corporate Development,previously lead by Niklas Edling."

Pierre will replace Torbjörn Wingårdh,who has chosen to pursue a career outside the company in connection with the change in organization. Torbjörn will remain in his current role until October 25 and will stay with Mycronic until March 7,2022,to ensure a smooth transition.

"I would like to thank Torbjörn for his valuable contribution during his 5 years with Mycronic. He has been an important member of the management team during very successful years",Mycronic's President and CEO.

For additional information,please contact:

Anders Lindqvist

President and CEO

Tel: +46 8 638 52 00,e-mail: anders.lindqvist@mycronic.com

Sven Chetkovich

Director Investor Relations

Tel: +46 70 558 39 19,e-mail: sven.chetkovich@mycronic.com

The information in this press release was published on September 7,2021,at 2:00 p.m. CEST

About Mycronic

Mycronic is a Swedish high-tech company engaged in the development,manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic's headquarters are located in Täby,north of Stockholm and the Group has subsidiaries in China,France,Germany,Japan,the Netherlands,Singapore,South Korea,United Kingdom and the United States. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

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