New proposal from Sandvik’s Nomination Committee – Johan Molin new Chairman
In view of the fact that Anders Nyrén has informed Sandvik’s Nomination Committee that he is not available for re-election as Chairman of the Board of Sandvik, the Nomination Committee has revised the proposal for Board of Directors for the 2015 Annual General Meeting, which was previously communicated.
The Nomination Committee proposes the election of Jennifer Allerton, Claes Boustedt and Johan Molin as new Board members and the re-election of the Board members Olof Faxander, Jürgen M Geissinger, Johan Karlström, Hanne de Mora and Lars Westerberg. Johan Molin is proposed to be elected Chairman of the Board.
Johan Molin, born 1959, holds a degree from the Stockholm School of Economics and is President and CEO of ASSA ABLOY since 2005. He was President and CEO of Nilfisk-Advance 2001–2005 and was employed within the Atlas Copco Group 1983-2001.
In other respects, the Nomination Committee’s proposals correspond to those set out in the notice convening the Annual General Meeting.
“The Nomination Committee has chosen to propose that the general meeting resolve to elect Johan Molin as new Chairman in view of his substantial industrial experience. We have concluded that he is the right person to lead the Board work at Sandvik”, says the Nomination Committee’s Chairman, Anders Nyberg.
Information can be obtained from the Nomination Committee’s Chairman, phone +46 8 666 64 00.
Stockholm, 30 April 2015