The Nomination Committee of Investor AB amends its proposal with an additional proposed Member to the Board of Directors

The Nomination Committee of Investor AB presented its proposals to the Annual General Meeting on April 1, 2015. The Annual General Meeting will be held on May 12, 2015. Proposals and motivated opinion can be found on the Company’s website, www.investorab.com.

The Nomination Committee has decided to amend its proposal by proposing an additional person, Sara Öhrvall, to be elected as new Member of the Board of Directors.

Sara Öhrvall is a Swedish citizen and was born in 1971. Sara Öhrvall is co-founder and Senior Advisor of MindMill Network, Member of the Board of Directors of Bonnier News (including the Board of Expressen, DN and DI), Bonnier Books, Bisnode, Kicks, Bonnier Publications, Nobel Museum and Umeå University. Sara Öhrvall has a broad experience of inter alia digital products, markets and media, and of product development and branding strategy. Sara Öhrvall was a Member of the Management Group at Bonnier AB 2008-2013, responsible for R&D. Sara Öhrvall was based in San Francisco 2009-2011. Sara Öhrvall’s previous experiences also include founder and Chief Executive Officer at Ninety Concept Development 2003-2008, partner and Chief Executive Officer at Differ 1998-2003, Niche Concepts Manager and Market Area Manager for Hong Kong, Taiwan and China at Volvo Cars Corporation 1995-1998, and Project Manager (marketing strategy analysis) at Toyota Motor Corporation 1994-1995.

Sara Öhrvall is considered as independent in relation to Investor and Investor’s executive management as well as to Investor’s major shareholders. The Nomination Committee is of the opinion that Sara Öhrvall will add additional valuable expertise and experience to the Board of Directors and is very well suited as Member of the Board of Directors of Investor.

In order to assess the demands imposed on the Board as a consequence of the Company’s current position and future direction, the Nomination Committee has discussed the size and composition of the Board, e.g. in terms of competence, industry and international experience, and diversity. With the additional proposal, four women and six men are proposed as non-executive Members of the Board of Directors. The percentage of women thereby increases to 40 percent from 25 percent compared to the Board of Directors elected at the Annual General Meeting 2014. In respect of nationality 27 percent of the proposed Board of Directors are non-Swedish citizens and 18 percent are non-Scandinavian citizens.  

Information about all persons proposed as Members of the Board of Directors of Investor can be found on Investor’s website, www.investorab.com, and will, free of charge, be sent to the shareholders who request the Company to do so.

The members of the Nomination Committee of Investor are Hans Wibom (Wallenberg foundations, Chairman of the Nomination Committee), Peder Hasslev (AMF), Lars Isacsson (SEB Foundation), Ramsay Brufer (Alecta) and Jacob Wallenberg (Chairman of the Board).

The Nomination Committee's amended proposal results in the following adjustments in relation to the Nomination Committee’s already submitted proposals.

The number of Members of the Board of Directors
The Nomination Committee proposes eleven Members of the Board of Directors and no Deputy Members of the Board of Directors.

Members of the Board of Directors
The Nomination Committee proposes Sara Öhrvall to also be elected as new Member of the Board of Directors.

The compensation to the Board of Directors
The proposal of an additional Member of the Board of Directors entails, as the only change in the Nomination Committee's proposal regarding compensation to the Board of Directors, adjustment of the proposed total value of the compensation and the maximum amount that can consist of synthetic shares.

Thus, the proposed total compensation to the Board of Directors is SEK 9,021,000 in accordance with the following: (i) SEK 7,965,000, whereof SEK 2,340,000 to the Chairman and SEK 625,000 to each of the other nine Members of the Board which are not employed by the Company in cash and in so-called synthetic shares and, (ii) SEK 1,056,000 in cash as remuneration for work in the committees of the Board of Directors.

Of the proposed total value of the compensation to the Board of Directors, (SEK 9,021,000), not less than SEK 0 and not more than SEK 3,982,500 shall consist of synthetic shares.

The Nomination Committee of Investor AB (publ)

For further information:

Stefan Stern, Head of Corporate Relations and Communications, Phone 46 8 614 2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524 2130

Our press releases can be accessed at www.investorab.com

Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.