STOCKHOLM -- Mydata Automation last month named Bengt Broman as its next president, replacing Mårten Lundberg, who is leaving the company after 18 years.

Broman is currently president of Teracom AB, and is a former president of LGP Allgon, which was partly owned by Mydata's parent, Skanditek.

In a press release, Broman said, "Mydata is a successful Swedish innovation company with a strong global position within its market segment. It will be extremely stimulating leading Mydata and its competent employees into the next phase of its development. My previous experience with Skanditek as principal owner is that the company adopts a long-term industrial approach, which I support."

Lundberg's will remain president until Broman is able to begin, which is expected to be sometime in early 2007. The company did not announce a transition date.

Under Lundberg, the company's annual sales grew from 28 million Krona ($3.83 million) in 1988 to 643 million Krona ($88 million) in 2005.