Nomination Committee’s motion regarding the Board of Directors of Clas Ohlson AB
At the Annual General Meeting of Clas Ohlson AB on Saturday, 11 September 2010, the Nomination Committee will submit the following motion regarding the composition of the Board of Directors:
The Board of Directors shall comprise eight members.
The Committee proposes that Chairman Anders Moberg and Board members Björn Haid, Lottie Svedenstedt, Urban Jansson, Cecilia Marlow, Edgar Rosenberger and Klas Balkow be re-elected.
Elisabet Salander Björklund has announced her intention to step down from the Board of Directors after ten years of service. The Committee proposes that Sanna Suvanto-Harsaae be elected as a new Board member. Sanna, born 1966, has a BA in business administration and holds the following assignments: Chairman of Babysam AS and Sunset Boulevard AS and Board member of Jetpak AB, CandyKing AB, Paulig AB, Symris AG Sats AB and BTX AS . Sanna Suvanto-Harsaae is considered independent according to the regulations of the Swedish Code of Corporate Governance.
The Nomination Committee comprises:
• Anders Moberg, Chairman of the Board of Clas Ohlson AB
• Peter Haid, representative of the Haid owner family
• Göran Sundström, representative of the Tidstrand owner family
• Lars Öhrstedt (Chairman), AFA Försäkring
• Johan Ståhl, Lannebo Fonder AB
The work of the Nomination Committee has been conducted in accordance with the regulations of the Swedish Code of Corporate Governance.
For more information on the motion regarding the Chairman and individual members of the Board, please visit:
http://about.clasohlson.com/en/Company/Corporate-governance/Board-of-Directors-and-Auditor-Committee/
For further information, please contact:
Lars Öhrstedt, Chairman of the Nomination Committee: Mobile +46 (0)70-892 85 40
Clas Ohlson AB is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland. In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool and Leeds.
