Sandvik AB - Nomination Committee's proposal for Board of Directors for the 2023 Annual General Meeting

Rhea-AI Summary

On January 26, 2023, Sandvik AB's Nomination Committee proposed the re-election of current Board members, including Johan Molin as Chairman, ahead of the Annual General Meeting scheduled for April 27, 2023, in Sandviken, Sweden. The committee comprises notable industry figures, including Fredrik Lundberg from AB Industrivärden and Anna Magnusson from Alecta. The announcement underscores the continuity of Sandvik's leadership, aligning with its strategic focus on enhancing productivity and sustainability across its global operations, with 2022 revenues reported at approximately 112 billion SEK.

Positive

• Re-election of experienced board members may strengthen leadership continuity.
• Johan Molin's reappointment as Chairman reflects stability within the governance structure.

Negative

• None.

STOCKHOLM, Jan. 26, 2023 /PRNewswire/ -- The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Molin, Andreas Nordbrandt, Helena Stjernholm, Stefan Widing and Kai Wärn. Johan Molin is proposed to be re-elected Chairman of the Board.

The Nomination Committee's other proposals will be made public in the notice convening the Annual General Meeting of Sandvik AB. The Meeting will be held on April 27, 2023 in Sandviken, Sweden.

The Nomination Committee consists of its Chairman Fredrik Lundberg (AB Industrivärden), Anna Magnusson (Alecta), Marianne Nilsson (Swedbank Robur Funds), Lars Pettersson (Lundbergs) and Johan Molin (Sandvik's Chairman of the Board).

Further information can be obtained from the Nomination Committee's Chairman.

Stockholm, January 26, 2023

Sandvik AB

Sandvik Group

Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers' processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2022 the Group had approximately 40,000 employees and revenues of about 112 billion SEK in about 150 countries within continuing operations.

Contact
Johannes Hellström, Press and Media Relations Manager,
 +46 (0) 70721 1008
 johannes.hellstrom@sandvik.com

The following files are available for download:

https://mb.cision.com/Main/208/3703530/1805521.pdf

Sandvik AB - Nomination Committee’s proposal for Board of Directors for the 2023 Annual General Meeting

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SOURCE Sandvik

FAQ

What is the significance of Sandvik AB's board re-election proposal for SDVKY in 2023?

The re-election proposal emphasizes continuity in leadership, which may influence investor confidence in Sandvik AB (SDVKY) moving forward.

Who are the proposed board members for Sandvik AB in 2023?

The proposed board members include Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Molin, Andreas Nordbrandt, Helena Stjernholm, Stefan Widing, and Kai Wärn.

When is the Annual General Meeting for Sandvik AB scheduled?

The Annual General Meeting for Sandvik AB is scheduled for April 27, 2023.

Who is the Chairman of the Board proposed for re-election at Sandvik AB?

Johan Molin is proposed to be re-elected as Chairman of the Board of Sandvik AB.

What are the expected impacts of the board re-election on Sandvik AB's stock performance?

The re-election of experienced board members may provide stability and bolster investor confidence, potentially positively impacting Sandvik AB's stock performance.