Lindab's Nomination Committee submits proposal to the Extraordinary General Meeting on 16 October 2012
Lindab's nomination committee proposes that the board will be reduced to include six board members (previously eight).
With regard to the composition of the board, the nomination committee proposes the re-election of the board members Sonat Burman-Olsson, Stefan Charette, Erik Eberhardson and Birgit Nørgaard; as well as that Gerald Engström and Kjell Nilsson be newly elected to the board. Furthermore, the nomination committee proposes that Kjell Nilsson be elected Chairman of the board
Kjell Nilsson, born in1948, previously CEO and President of Semcon AB, Boliden AB and Trelleborg AB. Kjell Nilsson is Chairman of the boards of Semcon AB and Symbrio AB, and he is member of the boards of Choice Hotels AS, Home Properties AB and Home Invest AS.
Gerald Engström, born in 1948, is board member as well as President and CEO of Systemair AB. He is also Chairman of the board of Bluefish Pharmaceuticals AB.
With regard to remuneration, the nomination committee proposes that the individual fees remain unchanged whereby the total remuneration to the board will be lower due to the reduced number of board members.
The nomination committee's motivated opinion is available at www.lindabgroup.com
End
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Contacts:
LINDAB
David Brodetsky, CEO
Email: david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418
Carl-Gustav Nilsson, General Counsel
Email: carlgustav.nilsson@lindab.com
Mobile: +46 (0)70 67 85011
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.
The business is carried out within three business areas, Ventilation, Building Components and Building Systems. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had sales revenue of SEK 6,878 m in 2011, was established in 31 countries and had approximately 4,300 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2011, the Nordic market accounted for 46 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 23 percent, Western Europe for 28 percent and other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com