The Nomination Committee appointed by Nobia AB's main owners proposes that the company's shareholders re-elect the current Directors Fredrik Cappelen, Karsten Bomann Jonsen, Hans Larsson, Wilhelm Laurén, Harald Mix, Thomas Nilsson and Gerhard de Geer to the company's Board and elect Bodil Eriksson as a new Director at the Annual General Meeting on April 23, 2003.
Bodil Eriksson is Executive Vice President, Corporate Communications at Axfood AB. She has previously worked as head of Corporate Communications at Volvo Personvagnar.
Staffan Schéle, Flemming Østergaard and Erik Larsson have declined re-election.
March 26, 2003
Further information: Hans Larsson; Chairman, tel: +46 (0)8-679 92 04, mobile: +46 (0)70-592 92 55
Nobia is Europe's leading kitchen interiors company. The Group operates in a number of European markets under strong brand names. Nobia's own specialist kitchen stores and franchise stores are responsible for most of the Group's sales. Nobia is leading the consolidation of the European kitchen market and creating profitable growth by making efficiency improvements and acquisitions, taking an industrial approach. The Group has sales of approx. SEK 9.6 billion annually and around 5,900 employees. Nobia is listed on Stockholmsbörsen's O-list.
Nobia develops and sells kitchen solutions through a number of strong brands in Europe, including Magnet in the UK; HTH, Norema, Sigdal, Invita and Marbodal in Scandinavia; Petra and A la Carte in Finland; as well as ewe, Intuo and FM in Austria. Nobia generates profitability by combining economies of scale with attractive kitchen offerings. The Group has approximately 6,100 employees and had net sales of about SEK 13 billion. The share is listed on Nasdaq Stockholm under the ticker NOBI. Website: www.nobia.com