Electrolux Nominates Committee for Annual Meeting 2025

Author: Riley Hayes Updated: 09-19-2024 03:24 AM

Electrolux Appoints Nomination Committee for Upcoming AGM

AB Electrolux has officially announced the formation of its Nomination Committee in preparation for the Annual General Meeting (AGM) set for 2025. This vital committee plays a crucial role in shaping the company's governance and strategic direction.

Understanding the Nomination Committee Structure

The Nomination Committee for the AGM will consist of five members according to a decision made during the previous year's meeting. Each of the four largest shareholders, in terms of voting rights, who wish to be involved, will contribute a member. The committee will also be chaired by the Chairman of the AB Electrolux Board, ensuring a well-rounded representation of stakeholders.

Meet the Committee Members

As of the recent appointment, the committee will be led by Christian Cederholm from Investor AB serving as the Chairman. The additional members include:

Marianne Nilsson from Swedbank Robur Funds
Anders Hansson from AMF Tjänstepension och Fonder
Carina Silberg from Alecta
Torbjörn Lööf, Chairman of AB Electrolux

Key Responsibilities of the Nomination Committee

The primary role of the Nomination Committee is to prepare significant proposals for the forthcoming AGM. This includes nominations for the Chairman of the AGM, Board members, and the Chairman of the Board. They will also suggest remuneration for Board members, Auditor appointments, and potentially recommend changes to the existing instructions governing their operations.

Importance of Shareholder Proposals

Shareholders who aim to influence the Nomination Committee may submit their proposals via email. Engaging shareholders in this process fosters a conducive environment for diverse opinions and enhances transparency within the governance structure.

Looking Ahead to the Annual General Meeting

The AGM is scheduled for March 26, 2025, and held in Stockholm. This meeting represents a pivotal opportunity for shareholders to engage with the company's leadership, review performance, and consider strategic initiatives proposed by the board.

Company Contacts:

For further inquiries and information related to the Nomination Committee, shareholders can reach out to:
Oscar Stjerngren, Investor Relations at +46 70 879 87 69
Paul Palmstedt, Electrolux Group Press Hotline at +46 8 657 65 07

Frequently Asked Questions

What is the purpose of the Nomination Committee?

The Nomination Committee is responsible for preparing proposals regarding key appointments for the Annual General Meeting.

Who are the members of the Nomination Committee?

The committee includes members from major shareholders and the Chairman of AB Electrolux's Board.

What key decisions does the Nomination Committee influence?

They influence nominations for the Chairman, Board members, auditor roles, and remuneration for Board members.

How can shareholders participate in the nomination process?

Shareholders can submit their proposals to the Nomination Committee via email.

When will the Annual General Meeting take place?

The AGM is scheduled for March 26, 2025, in Stockholm.

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