Swedbank’s (STO:SWEDA)(LSE:SWK) Nomination Committee proposes Anders Sundström as new Chair of the Board of Directors of Swedbank. The Nomination Committee further suggests re-election of all current board members Olav Fjell, Ulrika Francke, Göran Hedman, Lars Idermark, Anders Igel, Pia Rudengren, Charlotte Strömberg, Karl-Henrik Sundström and Siv Svensson.
Press Release 16 January 2013
"Since Anders Sundström has decided to leave his operational role at Folksam, he will now be able to devote even more time and energy to Swedbank's Board. At the same time, the bank's current Chair has been appointed President and CEO of Södra, the forestry and forest products company, and thus will focus on his new role. Given this it is natural that Anders Sundström, who has been Deputy Chair since 2009, becomes the new Chair. In addition, we are pleased to note that Lars Idermark and all current board members will continue their work in the Board. This entails continuity of the successful work that Swedbank has implemented in recent years", said Lennart Anderberg, Chair of the Nomination Committee. According to the proposal from the Nomination Committee, the number of board members elected at the Annual General Meeting (AGM), will remain unchanged at ten. The AGM for Swedbank 2013 will take place on 20 March 2013 at Dansens Hus in Stockholm. The Nomination Committee proposes that Claes Zettermarck Chair the Annual General Meeting 2013. The Nomination Committee prior to the AGM 2013 has the following members: Lennart Anderberg, appointed by owner-group Föreningen Sparbanksintressenter, Chair of the Nomination Committee, Ramsay Brufer, appointed by Alecta, Tommy Hjalmarsson, appointed by owner-group Sparbanksstiftelserna, Lars Idermark, Chair of the Board of Directors of Swedbank AB and Tomas Norderheim, appointed by owner-group Folksam.
The complete proposal of the Nomination Committee will be presented in the invitation to the AGM and will be available on Swedbank´s website.
Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development “Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 7.8 million retail customers and around 600,000 corporate customers and organizations with 311 branches in Sweden and approximately 200 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Russia and Ukraine. As of 30 September, 2012 the group had total assets of SEK 1,965 billion. Read more at www.swedbank.com
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