2021-01-29 11:30
The Nomination Committee proposal to Swedbank Annual General Meeting 2021
· The Nomination Committee of Swedbank proposes re-election of all present Board members: Göran Persson, Bo Magnusson, Kerstin Hermansson, Josefin Lindstrand, Anna Mossberg, Bo Bengtsson, Göran Bengtsson, Hans Eckerström, Bengt Erik Lindgren and Biljana Pehrsson. · Annika Creutzer and Per Olof Nyman are proposed as new Board members. · Göran Persson is proposed as Chair of the Board of Directors. The Nomination Committee’s proposal entails that the number of Board members should be increased from ten to twelve, of which seven are men and five are women, compared to the decision in the General Meeting in May 2020.
Annika Creutzer (born 1957) has a broad experience from board work within the finance and media industry. Today she runs her own company, Creutzer & Co AB, focusing on financial journalism and public education. She has been a member of the Swedish Pensions Agency's board of directors since 2016. Annika Creutzer contributes with deep knowledge in personal finance for households.
Per Olof Nyman (born 1956) has been President and CEO of Lantmännen Ek För since 2012, where he has also held other leading positions since 2008. Per Olof Nyman has deep knowledge in the agriculture and forestry sector, and is, today, among other things, a board member of HKScan Oyj, one of the Nordic region's leading meat producers and a board member of the grain and agricultural trading cooperation HaGe Kiel, one of Germany's largest companies in the industry.
As a consequence, it is also proposed that the Articles of Association should be changed, concerning the number of board members in the bank.
Independence according to the Swedish Corporate Governance Code
The Nomination Committee considers all proposed Board members, except Bo Bengtsson and Göran Bengtsson, to be independent in relation to the bank and the bank’s management. The Nomination Committee considers all proposed Board members to be independent in relation to the bank’s major shareholders.
The Chair of the Nomination Committee, Lennart Haglund, comments:
“The Nomination Committee’s opinion is that Swedbank's Board of Directors is functioning well. For this year, the Committee has looked for expertise within agriculture and forestry, as well as knowledge within the savings area for private customers”.
The Nomination Committee proposes that the lawyer Wilhelm Lüning is appointed Chairman of the Annual General Meeting 2021.
The Nomination Committee consists of the following members: Lennart Haglund, Chair, (Sparbankernas Ägareförening), Ylva Wessén (the owner-group Folksam), Hans Sterte (Alecta), Anders Oscarsson (AMF and AMF Funds), Peter Karlström (the owner-group Sparbanksstiftelserna) and Göran Persson (Chair of the Board of Directors of Swedbank).
The entire proposal of the Nomination Committee, including proposal on remuneration for Board members and auditors, will be included in the convening notice for the Annual General Meeting and also be available on Swedbank’s website.
Swedbank AB’s Annual General Meeting will take place on 25 March 2021.
For further information, please contact:
Lennart Haglund, Chair of the Nomination Committee, telephone: +46 70 557 51 29