The Nomination Committee´s proposal for new Chairman of the Board of Addtech AB

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The Nomination Committee proposes that Board member Kenth Eriksson will be elected as Chairman of the Board at the 2021 Annual General Meeting. The current Chairman Johan Sjö has declined re-election. Kenth Eriksson has solid experience of the company, which will ensure continuity of the Board’s work.

”It is a tough decision after fourteen years in the company and only one year as Chairman, but my work situation has led me to make the decision that the best thing for me and for Addtech is to hand over to someone who can contribute with his full commitment to the Board work” says Johan Sjö, the Chairman of the Board.

”I want to sincerely thank Johan for fourteen years of great commitment in the successful development of Addtech. Even though I find it sad that Johan has decided to leave the Board I want to express my full respect for his decision regarding his personal work situation and focus going forward. I am convinced that the new Chairman Kenth Eriksson together with CEO Niklas Stenberg will continue to develop the company in a very good way”, says Anders Börjesson, the Chairman of the Nomination Committee.

Kenth Eriksson, born 1961, holds a Master of Science in Engineering as well as a Master of Science in Business Administration, and has been a Board member since 2016. Kenth is Chairman of the Board for Concentric and partner in Athanase Industrial Partner, he has previous professional experience as CEO of Tradimus and senior positions within Electrolux.  

”I am truly looking forward to taking over as new Chairman of Addtech. A well-run company with a well-functioning management, strategy and business modell. I hope to be able to ensure good continuity and contribute to continued development of the company according to the core values that have been the guiding star for Addtech throughout the years”, says Kenth Eriksson, Board member.

The Nomination Committee’s work to prepare all other proposals for the Annual General Meeting in Addtech continues according to the usual process for the Nomination Committee’s assignment and will be published when the proposal is completed.

The Addtech Nomination Committee for the 2021 Annual General Meeting consists of Anders Börjesson (appointed by Tisenhult Invest AB), Henrik Hedelius (appointed by Tom Hedelius), Marianne Nilsson (appointed by Swedbank Robur fonder), Mats Gustafsson (appointed by Lannebo fonder) and Per Trygg (appointed by SEB Investment Management).

Stockholm, March 9th, 2021

Addtech AB (publ)

For further information, please contact:
Niklas Stenberg, President of Addtech AB, +46 702 67 94 99
Malin Enarson, CFO, +46 705 97 94 73

Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3000 employees in around 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 11 billion. Addtech is listed on Nasdaq Stockholm.

This information is information that Addtech AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication,through the agency of the contact persons set out below, at 3.45 p.m CET on March 9th 2021.