Nomination Committee’s proposal concerning Board membership at Clas Ohlson AB
At the Annual General Meeting of Clas Ohlson AB, to be held on Saturday, 7 September 2013, the Nomination Committee will submit the following proposal concerning the composition of the Board of Directors:
The Board of Directors is to consist of nine members. The proposal entails an expansion of the number of Board members elected by the Annual General Meeting by one. The proposal to expand the Board of Directors by one member should be viewed against the following background. The Nomination Committee, on the basis of the year’s evaluation of the Board’s performance, long-term succession planning in terms of the Board’s composition and competency requirements, has concluded that the Board of Directors should temporarily be expanded in order to ensure continuity while adding competencies in supplementary areas.
Re-election is proposed of Chairman of the Board Anders Moberg and Board members Björn Haid, Urban Jansson, Cecilia Marlow, Edgar Rosenberger, Sanna Suvanto-Harsaae and Klas Balkow. It is proposed that Anders Moberg continue to serve as Chairman of the Board.
Lottie Svedenstedt has declined re-election after serving on the Board for nine years. Kenneth Bengtsson and Katarina Sjögren Petrini are proposed as new Board members.
Kenneth Bengtsson, born 1961, has been active in ICA for more than 30 years, including 11 years as Chief Executive Officer, which has provided him with excellent knowledge of retailing. He is Chairman of Ahlsell and of Suomen Lähikauppa Oy, Deputy Chairman of Ersta Hospital and the World Childhood Foundation and member of the Board of Mekonomen AB.
Katarina Sjögren Petrini, born 1964, has worked in the Ticket Group since 1996, in such positions as CFO. Since 2006, she has been CEO of Ticket Leisure Travel Group. She has long-standing experience of developing and integrating retail sales with online sales, thus creating an effective multi-channel strategy. She is Chairman of Ticket Leisure Travel Group, Arken Zoo Holding AB and the Association of Swedish Travel Agents and Tour Operators.
The members of the Nomination Committee are:
• Anders Moberg, Chairman of the Board of Clas Ohlson AB
• Carl von Schantz, representing the Haid family
• Göran Sundström, representing the Tidstrand family
• Johan Held (Chairman of the Nomination Committee), AFA Försäkring
• Johan Ståhl, Lannebo Fonder AB
The Nomination Committee has conducted its work in accordance with the regulations of the Swedish Code of Corporate Governance.
For further information concerning the proposed Chairman and the various members of the Board, please visit:
For further information, please contact:
Johan Held, Chairman of the Nomination Committee: Mobile +46 8 696 40 65
About Clas Ohlson
Clas Ohlson was founded in 1918 as a mail order business based in Insjön, Dalarna, Sweden. Today, the company has 177 stores in four countries and sales via the Internet, mail order, telephone and social media. Clas Ohlson helps its customers solve everyday practical problems with a range of affordable products in the five product areas: Hardware, Electrical, Home Multimedia and Leisure categories. The company is listed on the OMX Nordic Exchange and has approximately 4,000 employees. For further information about Clas Ohlson, visit http://about.clasohlson.com (financial information) or http://www.clasohlson.com (e-commerce).