STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Cloetta AB (STO:CLAB):
The Board member Lilian Fossum Biner has decided to resign from the Board of Directors of Cloetta AB. The resignation takes effect as of 19 December 2014. Lilian Fossum Biner is a Board member of, among other, a Swiss listed company, whose articles of association, in accordance with the so-called Minder initiative, limit the number of Board mandates which a Board member may have in other listed companies. The decision to resign from Cloetta's Board is a result of the Swiss regulations and the number of Board mandates that Lilian Fossum Biner has in other listed companies.
Cloetta's nomination committee has been informed of the decision and has announced that the Committee will submit proposals to the composition of the Board of Directors of Cloetta well in advance of Cloetta's Annual General Meeting on 23 April 2015.
The information contained in this press release is such that Cloetta is required to disclose pursuant to the Swedish Financial Instruments Trading Act and/or the Swedish Securities Markets Act. The information was submitted for publication on 18 December 2014 at 18.00 CET.
About Cloetta Cloetta, founded in 1862, is a leading confectionary company in the Nordic region, the Netherlands, and Italy. In total, Cloetta products are sold in more than 50 countries worldwide. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. Cloetta has 11 production units in six countries. Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com
This information was brought to you by Cision http://news.cision.com