The chief executive officer (CEO) and president of Swedish polymer components developer Nolato, Tomas Sjolin, will resign on May 5, 2003, the company said on February 5, 2003. Sjolin will become sector director of "Beverage Can Europe & Asia" at British packing company Rexam PLC. Nolato has already started looking for a successor for Sjolin. Rexam PLC is based in London and is listed on the London Stock Exchange. [Editor's note: Nolato posted a pre-tax profit of 36 mln Swedish crowns ($5.2 mln/4.8 mln euro) for 2002, compared to a pre-tax loss of 510 mln crowns ($73.9 mln/67.9 mln euro) for 2001.]