Press Release from Sweden's central bank

PRESS RELEASE - Sven Hulterstrom comments on Urban Backstrom's decision, 21 May.

"Governor Urban Backstrom informed me during the Whitsun holiday that he intends to resign at the end of this year. In the Riksbank's General Council the work accordingly begins of finding a successor who can fill the post on 1 January, 2003," Mr Hulterstrom, Chairman of the General Council, said.

The following rules apply when a member leaves the Executive Board: Chapter 3, Article 1 of the Riksbank Act states tha