Shareholder proposals for Board of Directors in IBS AB (publ) etc. in relation to the annual general meeting to be held on 22 June 2011
Resolution on the number of board members, resolution on fees and other compensation to the board of directors, election of board members and the chairman of the board, and resolution on fees to the auditor (items 11 – 14)
Shareholders with approximately 75, 5 % of the capital and 81, 4 % of the votes have notified the board of directors that they intend to propose the following at the annual general meeting:
Item 11: The number of board members shall be five, without deputy directors.
Item 12: Remuneration to the board shall be paid with SEK 0 to the chairman of the board and SEK 375,000 to each of the board members.
Item 13: Dr. Pallab Chatterjee, Arvid Carlsen, JT Treadwell, and Rene Svendsen-Tune shall be elected as board members and Christian Paulsson re-elected as board member. Dr. Pallab Chatterjee shall be elected as chairman of the board.
Dr. Pallab Chatterjee, born 1950, Master’s and Ph.D. degrees in electrical engineering from the University of Illinois, USA. Work experience includes several executive positions at Texas Instruments, including President Personal Productivity Products Group, Chief Information Officer and Senior Vice President of Research and Development and Chief Technology Officer; Chief Executive Officer i2 Technologies Inc. Current position as Managing Director and Operating Partner at Symphony Technology Group. Mr Chatterjee served as a member and Chairman of the board in IBS during 2007 to 2010.
Arvid Carlsen, born 1956, MBA from Thunderbird in USA. Executive Vice President ABT/SBT/Exenel Industries in Saudi Arabia, Management Consultant with Nordic Management, Founding Partner of Enskilda Strategy, Managing Director and Head of Corporate Finance at Enskilda Securities and Managing Director and Chairman of Access Partners.
JT Treadwell, born 1974, holds a dual Bachelor’s degree in Ethics, Politics & Economic History from Yale University. Work experience includes consultant at Boston Consulting Group, associate at Bessemer Venture Partners, Director of Marketing and Strategic Planning at Qiva, currently Managing Director with Symphony Technology Group, where he joined in 2003.
Rene Svendsen-Tune, born 1955, Graduate from Technical University of Copenhagen. Started his career in the Danish IT industry. Thereafter Mr Svendsen-Tune held various leadership and executive positions at Nokia Networks. Current position as President and CEO at Teleca, where he joined in 2006.
Item 14: The auditor shall receive compensation according to approved invoice.
For further information please contact
Christian Paulsson, Director of the board IBS AB
Tel: +46 70 211 0010
IBS in brief
With over 30 years of experience, IBS is a leading provider of distribution management solutions. IBS focuses on industries such as automotive, electrical components, paper & packaging and pharmaceutical distribution. More than 4,000 customers across some 40 countries use IBS software to gain fast and measurable returns on IT investments.
IBS B share is listed on NASDAQ OMX First North Stockholm. For more information, please visit www.ibs.net