The Nomination Committee has worked intensively in order to recruit a new Chairman of the Board since Kjell Nilsson announced that he is not available for re-election as Chairman of the Board. The Nomination Committe propopes that Peter Nilsson is elected as new Chairman of the Board in Lindab International AB (publ).
Peter Nilsson, born in 1962, has since 2004 been Senior Industrial Advisor within the EQT sphere, whereby he has had several different positions and commisions of trust in various EQT entities. Peter was i.a. President and CEO for Duni during 2004-2007 and President and CEO for Sanitec during 2010-2015. In addition, he has been Chairman of the Board in Duni AB, Securitas Direct AB och Sanitec Holdings Oy. Currently, Peter is Chairman of the Board in Eton AB and member of the Board in Evidensia AB. Furthermore, Peter had different management positions within the Swedish Match Group during 1987-2003. Peter is also member of the Board in Cramo Oyj. Peter has studied at Stockholm School of Economics. He does not hold any shares in Lindab and he is regarded as independent in relation to the company and major shareholders.
- We are delighted that the Nomination Committee on short notice has the possibility to propose Peter Nilsson as new Chairman of the Board in Lindab. Peter has substantial industrial experience and we are convinced that he is the right person to lead the Board's work in Lindab, says the Chairman of the Nomination Committee Peter Rönström.
It is noted that shareholders representing appr. 47.1% of the company's shares have declared that they support the proposal of the Nomination Committe at the Annual General Meeting on May 3. 2016.
Per Frankling has expressed his reservations against the Nomination Committee's proposal regarding election of the Board. - We are positive to Peter Nilsson's capability as Chairman but as we still have the opinion that it is important for the Company that the Board is represented by the largest shareholder as the shareholder has wanted, we cannot support the proposal, says Per Frankling.
Save for the above, the Nomination Committee's proposals remain as they are provided for in the previously published Notice to attend the Annual General Meeting.
End
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 18 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 .
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