Lars Idermark resigns from the Board of Directors of Aleris

Lars Idermark, who has been proposed as Chair of the Board of Directors in Swedbank by the Nomination Committee, has informed the main owners in Aleris that he wishes to resign as Chair of the Board of Directors of Aleris with immediate effect.

The Nomination Committee of Swedbank and the Board of Directors in Swedbank as well as the Board of Directors in Södra have also been informed of the decision.

“By resigning as Chair of the Board of Directors of Aleris, I am taking the consequences from the additional workload that will arise from the chairmanship in Swedbank. This will make it possible for me to act as CEO of Södra and Chair of Swedbank in full”, says Lars Idermark.

For further information, please contact:
Claes Warrén, Acting Press Manager, Swedbank, telephone +46 70 375 00 54

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development “Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 275 branches in Sweden and 144branches in the Baltic countries. The group is also present in other Nordic countries, the US and China.
As of 31 December 2015 the group had total assets of SEK 2 149 billion. Read more at www.swedbank.com

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