Kjell Nilsson declines re-election as Chairman of the Board in Lindab International AB (publ)
The Nomination Committee of Lindab International AB (publ) announced on 11 March 2016 its proposal to the Annual General Meeting 2016 regarding election of Chairman of the Annual General Meeting, compensation to the Board of Directors and Auditors, election of the Board and Chairman of the Board of Directors, election of Auditor as well as proposals relating to the Nomination Committee. After the announcement of the Nomination Committee's proposal, the Chairman of the Board, Mr. Kjell Nilsson, has declined re-election. Mr. Nilsson's changed position is based on personal reasons linked to the recent media attention raised against him.
- Under the current circumstances, I saw it necessary to decline re-election. The media focus against my person has caused my family extensive harm. In addition, there is a risk that the misguided media focus will negatively affect Lindab and the work of the Board of Directors. I am convinced that Lindab has a bright future and wish the entire Lindab team a heartfelt best of luck, says Mr. Nilsson in a comment.
- We fully understand Kjell Nilsson's decision and wish to thank him for his solid work the past three years for Lindab. Mr. Nilsson leaves Lindab as a company in good order and ready to take on its future challenges. We will now assert our work towards finding a new Chairman of the Board of Directors. We are hopeful that this work will be completed within short, says Peter Rönström, Chairman of the Nomination Committee.
The Nomination Committee of Lindab International AB (publ) consists of Peter Rönström (chair), representing Lannebo Fonder AB, Per Frankling, representing Creades AB, Per Colleen, representing Fjärde AP-fonden, and Kjell Nilsson, Chairman of the Board of Lindab International AB (publ).
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The information is such that Lindab International AB (publ) is obligated to publish under the Swedish Securities Market Act and/or the Swedish law on Trading with Financial Instruments. The information was submitted for publication on 13 April 2016 at 07.40 CET.
Contact:
Peter Rönström, Chairman of the Nomination Committee
Email: peter.ronstrom@lannebofonder.se
Mobil: +46 70 748 28 18
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions for simplified construction and improved indoor climate. 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 of SEK 7,589 m in 2015 and is established in 32 countries with approximately 5,100 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2015, the Nordic market accounted for 44 percent, Western Europe for 33 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 19 percent and other markets for 4 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under the ticker symbol LIAB. For more information visit www.lindabgroup.com.