Update on Sandvik AB's Nomination Committee
As Sandvik AB gears up for its upcoming Annual General Meeting, the company wants to share information about its newly formed Nomination Committee. This committee plays a crucial role in establishing the governance and leadership structure for the meeting ahead.
Nomination Committee Members
The Nomination Committee has been assembled to reflect the interests of key stakeholders. The members are as follows:
Committee Members
Fredrik Lundberg, who represents AB Industrivärden, takes the lead as the Chairman of the Nomination Committee. Joining him are Daniel Kristiansson from Alecta, Marianne Nilsson of Swedbank Robur Funds, Lars Pettersson from Lundbergs, and Johan Molin, who is the Chairman of Sandvik's Board.
Committee Responsibilities and Proposals
The main task of the Nomination Committee is to prepare proposals for the forthcoming Annual General Meeting. Their recommendations will cover the Chairman of the Meeting, the number of Board members, the fees for each member, the election of Board members and their Chairman, as well as auditor remuneration and the auditor's election. Additionally, the committee will propose any necessary revisions to its own guidelines.
Encouraging Shareholder Participation
Sandvik AB welcomes its shareholders to actively participate in the nomination process. If you would like to submit proposals to the Nomination Committee for the 2025 Annual General Meeting, please reach out to the committee's secretary. Timely submission is key so that the Nomination Committee can thoroughly consider your proposals.
Submission Deadline
For a complete review, all proposals should be submitted by January 20, 2025.
About Sandvik AB
Sandvik is a leading global engineering group that focuses on improving productivity, profitability, and sustainability in various fields such as manufacturing, mining, and infrastructure. The company is at the forefront of digital innovation, dedicated to optimizing processes for its customers.
Sandvik offers a diverse array of products and services, including advanced machinery, cutting-edge tools, and comprehensive digital solutions aimed at machining, mining, rock excavation, and processing. With around 41,000 employees and revenues of approximately SEK 127 billion, Sandvik operates in around 170 countries, solidifying its position as an industry leader.
For More Information
If you have further questions, please contact:
Louise Tjeder
VP of Investor Relations
Phone: +46 (0) 70782 6374
Johannes Hellström
Press and Media Relations Manager
Phone: +46 (0) 70721 1008
Frequently Asked Questions
What is the function of the Nomination Committee?
The Nomination Committee's role is to prepare proposals for key roles and responsibilities for the Annual General Meeting.
Who makes up the Nomination Committee?
The committee consists of representatives from major shareholders as well as the Chairman of the Board.
What kind of proposals will the Nomination Committee be preparing?
The committee will put forth recommendations for Board candidates, decide on fees, and manage auditor selection and compensation.
How can shareholders propose their ideas?
Shareholders should submit their proposals to the committee's secretary by the established deadline.
What is the deadline for submitting proposals?
The deadline to submit proposals is January 20, 2025.
