MRO Magazine

Sandvik: New proposal from Sandvik’s Nomination Committee – Johan Molin new Chairman


April 30, 2015
By Business Wire News

SANDVIKEN, Sweden

Regulatory News:

In view of the fact that Anders Nyrén has informed Sandvik’s Nomination Committee that he is not available for re-election as Chairman of the Board of Sandvik, the Nomination Committee has revised the proposal for Board of Directors for the 2015 Annual General Meeting, which was previously communicated.

The Nomination Committee proposes the election of Jennifer Allerton, Claes Boustedt and Johan Molin as new Board members and the re-election of the Board members Olof Faxander, Jürgen M Geissinger, Johan Karlström, Hanne de Mora and Lars Westerberg. Johan Molin is proposed to be elected Chairman of the Board.

Johan Molin, born 1959, holds a degree from the Stockholm School of Economics and is President and CEO of ASSA ABLOY since 2005. He was President and CEO of Nilfisk-Advance 2001–2005 and was employed within the Atlas Copco Group 1983-2001.

In other respects, the Nomination Committee’s proposals correspond to those set out in the notice convening the Annual General Meeting.

“The Nomination Committee has chosen to propose that the general meeting resolve to elect Johan Molin as new Chairman in view of his substantial industrial experience. We have concluded that he is the right person to lead the Board work at Sandvik”, says the Nomination Committee’s Chairman, Anders Nyberg.

Stockholm, 30 April 2015

Sandvik AB

Sandvik discloses the information provided herein pursuant to the Securities Market Act. The information is submitted for publication on 30 April 2015 at 08:05 CET.

Sandvik Group

Sandvik is a high-tech and global engineering group offering advanced products and services that enhance customer productivity, profitability and safety. We have world – leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2014 the Group had about 47,000 employees and representation in approximately 130 countries, with sales of about 89,000 million

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Information can be obtained from the
Nomination Committee’s Chairman
Anders Nyberg
phone +46 8 666 64 00