Nomination Committee’s proposal concerning members of the Catena Board
| Source:Catena AB
Catena’s Nomination Committee proposes that the Extraordinary General Meeting,
to be held on September 23, re-elect members of the Board Henry Klotz, Katarina
Wallin and Bo Forsén and newly elect Erik Paulsson, Andreas Philipson and Gustaf
Hermelin as Board members. Christer Sandberg and Lennart Schönning have declined
re-election. In addition, the Nomination Committee proposes the re-election of
Henry Klotz as the Chairman of the Board.
During the Nomination Committee’s work, the conditions for the company have
changed. Catena has entered into a conditional agreement with Brinova
Fastigheter AB concerning the acquisition of Brinova Logistik AB. The
transaction, should it be approved by the Extraordinary General Meeting, will
result in significant changes to the ownership structure of the company. After
completion of the transaction, Brinova Fastigheter AB will own 54% of the share
capital and voting rights. Furthermore, the intention is that the current CEO of
Brinova Fastigheter AB, Gustaf Hermelin, will become the new CEO of Catena.
“As a result of the transaction, the Nomination Committee believes there is
justification for changing the composition of the Board of Directors to better
reflect the new ownership structure in Catena. The Nomination Committee’s
proposals reflect these changes and the requests received from Brinova to
actively become involved in the company’s work on the Board as a new, long-term
owner,” says Ulf Strömsten, Chairman of the Nomination Committee.
Erik Paulsson, born in 1942, has been a company executive and entrepreneur since
1959. Erik Paulsson is also Chairman of the Board of Brinova Fastigheter AB,
Fabege AB, Backahill AB, SkiStar AB and Wihlborgs Fastigheter AB. In addition,
he is a Board member of Nolato AB. Erik Paulsson is independent in relation to
the company and the company’s management.
Gustaf Hermelin, born in 1956, was previously CEO of Klövern AB and
Strömfastigheter in Norrköping. Gustaf Hermelin is a member of the Board of
Directors of Diös Fastigheter AB and Platzer Fastigheter AB. Following the
transaction, Gustaf Hermelin will be dependent in relation to the company, the
company’s management and major shareholders.
Andreas Philipson, born in 1958, is the outgoing CEO of Catena. Other positions
of trust include being CEO and Board member of TAM Group AB, and Board member of
Veg Tech AB and subsidiaries of TAM Group. Andreas Philipson is dependent in
relation to the company and the company’s management.
The Nomination Committee of Catena consists of Ulf Strömsten, representing
Catella Fonder, Caroline af Ugglas, representing Skandia Liv, Erik Paulsson,
representing Fabege AB, and Henry Klotz representing Endicott Sweden AB (CLS).
For further information, please contact:
Ulf Strömsten, Chairman of the Nomination Committee
Tel: +46 (0)614 25 00
Henry Klotz, Chairman of the Board
Tel. +44 (0)7766 205 145
The information contained in this press release constitutes such information
that Catena AB (publ) is legally obliged to publish under the Securities Market
Act and/or the Financial Instruments Trading Act. The information was released
for publication on 18 September 2013, at 9:00 am.
Catena’s mission is to own, effectively manage and proactively develop
properties in prime locations that offer the potential to generate a steadily
growing cash flow and favorable value growth. Catena’s overriding goal, based on
its focused orientation, is to give shareholders a favorable long-term total
For more information about Catena, visit www.catenafastigheter.se
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