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Torbjörn Lööf proposed as new Chair of the Board of Husqvarna AB

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The Nomination Committee of Husqvarna AB has announced its intention to propose Torbjörn Lööf as the new Chair of the Board at the 2025 Annual General Meeting. This follows current Chair Tom Johnstone's decision to decline re-election after serving since 2015. Lööf, who has been a Board member since 2023 and currently serves as Deputy Chair, brings extensive industry experience, including his role as former CEO of Inter IKEA Holding. He currently chairs Electrolux Group's Board and serves on several other corporate boards. The transition is planned for the next Annual General Meeting on April 29, 2025.

Il Comitato di Nomina di Husqvarna AB ha annunciato la sua intenzione di proporre Torbjörn Lööf come nuovo Presidente del Consiglio di Amministrazione nell'Assemblea Generale Annuale del 2025. Questa decisione segue la scelta dell'attuale Presidente Tom Johnstone di non candidarsi per il rinnovo dopo aver servito dal 2015. Lööf, che è membro del Consiglio dal 2023 e attualmente ricopre il ruolo di Vice Presidente, porta con sé un'ampia esperienza nel settore, inclusa la sua posizione di ex CEO di Inter IKEA Holding. Attualmente presiede il Consiglio di Electrolux Group e partecipa ad altri consigli aziendali. La transizione è prevista per la prossima Assemblea Generale Annuale del 29 aprile 2025.

El Comité de Nominaciones de Husqvarna AB ha anunciado su intención de proponer a Torbjörn Lööf como el nuevo Presidente del Consejo en la Junta General Anual de 2025. Esto sigue a la decisión del actual Presidente Tom Johnstone de no postularse para la reelección después de haber servido desde 2015. Lööf, quien ha sido miembro del Consejo desde 2023 y actualmente ocupa el cargo de Vicepresidente, aporta una amplia experiencia en la industria, incluyendo su papel como ex CEO de Inter IKEA Holding. Actualmente, preside el Consejo de Electrolux Group y forma parte de varios otros consejos corporativos. La transición está planeada para la próxima Junta General Anual el 29 de abril de 2025.

Husqvarna AB의 추천위원회가 2025년 연례총회에서 새로운 이사회 의장으로 Torbjörn Lööf를 제안할 계획이라고 발표했습니다. 이는 현직 의장 Tom Johnstone이 2015년부터 재임해온 후 재선거를 거부하기로 결정한 결과입니다. 2023년부터 이사로 활동 중이며 현재 부의장을 맡고 있는 Lööf는 엉겅퀴 그룹의 이사회 의장으로서의 역할과 함께 Inter IKEA Holding의 전 CEO로서의 산업 경험을 갖추고 있습니다. 그는 현재 Electrolux Group의 이사회를 주재하고 있으며 여러 다른 기업 이사회에서도 활동하고 있습니다. 이번 전환은 2025년 4월 29일에 예정된 차기 연례총회에서 이루어질 것입니다.

Le Comité de nomination de Husqvarna AB a annoncé son intention de proposer Torbjörn Lööf comme nouveau Président du Conseil d'administration lors de l'Assemblée générale annuelle de 2025. Cela fait suite à la décision du président actuel Tom Johnstone de ne pas se représenter après avoir servi depuis 2015. Lööf, qui est membre du Conseil depuis 2023 et occupe actuellement le poste de Vice-président, apporte une vaste expérience du secteur, y compris son rôle d'ancien PDG d'Inter IKEA Holding. Il préside actuellement le Conseil du groupe Electrolux et est membre de plusieurs autres conseils d'administration. La transition est prévue pour la prochaine Assemblée générale annuelle le 29 avril 2025.

Der Nominierungsausschuss von Husqvarna AB hat seine Absicht bekannt gegeben, Torbjörn Lööf als neuen Vorsitzenden des Aufsichtsrats bei der Hauptversammlung 2025 zu nominieren. Dies folgt auf die Entscheidung des derzeitigen Vorsitzenden Tom Johnstone, sich nach seiner Amtszeit seit 2015 nicht zur Wiederwahl zu stellen. Lööf, der seit 2023 Mitglied des Aufsichtsrats ist und derzeit als stellvertretender Vorsitzender fungiert, bringt umfassende Branchenerfahrung mit, einschließlich seiner Rolle als ehemaliger CEO von Inter IKEA Holding. Momentan leitet er den Aufsichtsrat der Electrolux Group und ist in mehreren anderen Unternehmensvorständen tätig. Der Übergang ist für die nächste Hauptversammlung am 29. April 2025 geplant.

Positive
  • Planned and orderly board leadership transition with experienced successor identified
  • New proposed Chair brings significant industry and leadership experience from IKEA and other major companies
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STOCKHOLM, Nov. 14, 2024 /PRNewswire/ -- Tom Johnstone declines re-election as Chair of the Board of Husqvarna AB. He will remain as Board Chair until the next Annual General Meeting, to be held on April 29, 2025.  The Nomination Committee intends to propose the election of Torbjörn Lööf as new Chair of the Husqvarna AB Board.

Tom Johnstone has served as the Chair of the Board of Husqvarna AB since 2015 and has been a member of the Board since 2006. Torbjörn Lööf has been part of Husqvarna's Board of Directors since 2023 and was elected Deputy Chair of the Board at the Board's statutory board meeting held in connection with the 2024 Annual General Meeting. 

"Today, I have informed the Nomination Committee of Husqvarna AB of my intention to step down in conjunction with the 2025 Annual General Meeting. It has been an honor to serve as the Chair of Husqvarna AB and I am proud of the achievements of the Group and the Management Team during these years. My announcement today is part of a planned transition to new leadership that was conditioned on our ability to identify and develop a strong successor. I am very pleased with the Nomination Committee's proposal of Torbjörn Lööf. I have great confidence in Torbjörn and, following the 2025 AGM, I look forward to following his journey to continue building a stronger Group", says Tom Johnstone.

"The Nomination Committee has today confirmed its intention to propose that Torbjörn Lööf be appointed as new Chair of the Board at the 2025 Annual General Meeting. We are confident that Torbjörn's extensive experience in the industry and his proven leadership skills will be valuable to Husqvarna AB", says Petra Hedengran, Chair of the Nomination Committee. 

Torbjörn Lööf is also the Chair of the Board for Electrolux Group and a Board Member of Essity AB, Mercer International Inc and AB Blåkläder. He has previously been the CEO of Inter IKEA Holding (The Netherlands) 2016-2020 and Chief Executive Officer of Inter IKEA Systems and has held several leading positions at IKEA in Sweden and in Italy 1989-2013.

The Nomination Committee intends to include its proposal of Torbjörn Lööf as Chair of the Board of Directors as part of its other proposals to be provided in advance of the 2025 Annual General Meeting.

(This press release contains insider information that Husqvarna AB is required to disclose under the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact person set out below, at 13.45 CET on November 14, 2024.)

Henrik Sjöström, Head of external communication, +46 727 15 77 85

For additional information, please contact:
Media
Henrik Sjöström, Head of external communication
+46 727 15 77 85
press@husqvarnagroup.com  

Media
Fredrik Henriksson, Vice President Corporate Communication
+46 767 19 59 25
Fredrik.henriksson@husqvarnagroup.com 

Investors
Johan Andersson, Vice President Investor Relations
+46 702 100 451
ir@husqvarnagroup.com   

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Torbjörn Lööf proposed as new Chair of the Board of Husqvarna AB

 

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SOURCE Husqvarna Group

FAQ

When will Torbjörn Lööf become the new Chair of Husqvarna AB (HSQVY)?

Torbjörn Lööf is expected to become Chair following the Annual General Meeting on April 29, 2025, subject to shareholder approval.

Why is Tom Johnstone stepping down as Husqvarna AB (HSQVY) Chair?

Tom Johnstone is stepping down as part of a planned transition to new leadership, after serving as Chair since 2015 and as board member since 2006.

What is Torbjörn Lööf's current role at Husqvarna AB (HSQVY)?

Torbjörn Lööf currently serves as Deputy Chair of the Board, a position he assumed at the 2024 Annual General Meeting.

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