Assembly
Industrivärden’s 2011 Annual General Meeting assigned the Chairman of the Board with the task of contacting four shareholders from among the largest registered shareholders in terms of votes in Euroclear Sweden AB's printout of the shareholder register as per the last business day in August, who each appoints one representative who is not a director on the Company's board, to form together with the Chairman of the Board a nominating committee for the time until a new nominating committee has been appointed based on the mandate from the next year's Annual General Meeting.
The Nominating Committee appoints a committee chair from among its members. The composition of the Nominating Committee shall be made public not later than six months before the next Annual General Meeting. No fee is payable for work on the Nominating Committee. The same people were members of the Nominating Committee for election at the 2011 AGM.
Accordingly, the Nominating Committee has the following composition: Bo Damberg (Jan Wallanders och Tom Hedelius Stiftelse and others), Ulf Lundahl (L E Lundbergföretagen), Sverker Martin-Löf (Chairman of the Board of Industrivärden), Anders Nyberg (SCA Pension Foundations and others), and Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund). The members of the Nominating Committee have been appointed by shareholders who together represent approximately two third of the total number of votes.
If a member leaves the Nominating Committee before its work has been completed, and if the Nominating Committee is of the opinion that there is a need to replace said member, the Nominating Committee shall appoint a new member. Any change in the Nominating Committee's composition shall be announced immediately.
Proposal for board of directors 2012
The Nominating Committee proposes the following persons for election as Directors on Industrivärdens´s Board at Industrivärden´s 2012 Annual General Meeting. The Nominating Committee proposes that Sverker Martin-Löf be elected as Chairman of the Board at the 2012 Annual General Meeting.
Sverker Martin-Löf, M.Sc. Eng., Tech. lic., Honorary Ph.D.
Born 1943, Stockholm
Chairman of the Board since 2010
Vice Chairman of the Board 2002-2010
Director 1996
Chairman of SCA, Skanska and SSAB
Vice Chairman of Ericsson
Director of Svenska Handelsbanken
Background:
Operative within SCA;
1990-2002 President and CEO
1988-1990 CEO
1986-1988 Executive Vice President
1977-1983 Division Manager
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 14,000
Christian Caspar, MBA.
Born 1951, Zurich
Director since 2011
Director of Stena and Bonnier
Background:
2008- 2011McKinsey, Chairman Family Advisory Practice
1998-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding: 0
Boel Flodgren, LL.D. Honorary Doctor of Economics. Professor.
Born 1942, Lund
Director since 2002
Director of Brinova Fastigheter
Background:
2010- Senior Professor of commercial law
1992-2002 President of Lund University
1987-2010 Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjunct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal/doctoral candidate
Shareholding: 1,900
Stuart Graham, MBA, Honorary Doctor of Engineering.
Born 1946, Vero Beach
Director since 2011
Director of Skanska, PPL Corporation and Harsco Corporation
Background:
2002 – 2008 Skanska, President and CEO
1998 – 2002 Skanska, Vice President
1996 – 1998 Skanska USA, President
1995 – 1996 Skanska USA Civil, President
1990 – 1995 Sordoni Skanska, President
1970 – 1990 Sordoni Construction Company, management positions
Shareholding: 2,000
Hans Larsson, B.A.
Born 1942, Stockholm
Director since 2010
Chairman of Svenska Handelsbanken, Attendo and Valedo Partners Fund 1
Director of Holmen
Background:
1992-1999 Nordstjernan, President and CEO
1989-1991 Esselte, President and CEO
1985-1989 Swedish Match, President and CEO
Shareholding: 0
Fredrik Lundberg, M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951, Djursholm
Director since 2004
President and CEO of L E Lundbergföretagen.
Chairman of Holmen and Hufvudstaden
Vice Chairman of Svenska Handelsbanken.
Director of L E Lundbergföretagen, Sandvik and Skanska.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981
Shareholding: 5,260,000; related entities 50,000,000
Anders Nyrén, MBA, U.S. MBA.
Born 1954, Bromma
President and Chief Executive Officer of Industrivärden
Director since 2001
Chairman of Sandvik
Vice Chairman of Svenska Handelsbanken
Director of Ericsson, SCA, SSAB, Volvo, Ernströmgruppen, the Stockholm School
of Economics, and the Stockholm School of Economics Association
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC Venture AB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker, executive
Shareholding: 61,550
Call options: 125,000
Independence conditions:
Only Industrivärden's CEO, Anders Nyrén, is considered to be non-independent in relation to the Company. All of the other proposed directors are independent in relation to the Company and its Executive Management. Of these, Christian Caspar, Boel Flodgren, Stuart Graham and Sverker Martin-Löf are independent in relation to the major shareholder.