Nomination Committee’s proposal for election of Board members
| Source:Husqvarna AB
The Nomination Committee of Husqvarna AB submits the following proposals to be
presented at the Annual General Meeting of shareholders to be held on April 10,
2014 with regard to the number and election of Board members.
The Nomination Committee proposes that the Board shall comprise nine Board
members to be elected by the Annual General Meeting of shareholders and no
The Nomination Committee proposes that the current Board members Lars
Westerberg, Magdalena Gerger, Tom Johnstone, Ulla Litzén, Katarina Martinson and
Daniel Nodhäll are re-elected. The Nomination Committee proposes new election of
Lars Pettersson, David Lumley and Kai Wärn. Hans Linnarson resigned as a Board
member on July 22, 2013. Ulf Lundahl and Anders Moberg have declined re
The Nomination Committee proposes that Lars Westerberg is appointed Chairman of
Lars Pettersson was born in 1954 and has a Master of Science in Applied Physics,
Materials Technology, Uppsala University, Sweden.
Previous positions: President and CEO of AB Sandvik 2002-2011 and various
positions within AB Sandvik 1978-2002.
Current Board assignments: Board member of Indutrade AB, LKAB, LE
Lundbergföretagen AB, Uppsala University, PMC Group AB and Skanska AB.
David Lumley was born in 1954 and has a B.A in Communications/Marketing, Western
Illinois University, USA; MSJ Journalism, Northwestern University Medill School
of Journalism, Evanston, USA and a Master of Business Administration,
Northwestern University Kellogg School of Management, Evanston, USA. David
Lumley is President and CEO of Spectrum Brands, Middleton USA.
Previous positions: President Rubbermaid Home Products, Newell-Rubbermaid Inc.,
Atlanta, USA. President and CEO, EAS Inc., Golden, USA. President Brunswick
Bicycles, Brunswick Corp., Lake Forest, USA. President OMC International and
Senior Vice President Marine Power Group, Outboard Marine Corp., Waukegan, USA.
General Manager Wilson Sporting Goods Co., Chicago, USA.
Current Board assignments: Spectrum Brands.
Kai Wärn was born in 1959 and has a Master of Science in Mechanical Engineering,
the Royal Institute of Technology, Stockholm, Sweden. Since July 1, 2013 Kai
Wärn is President and CEO of Husqvarna AB. Previous positions: Operations
partner at IK Investment Partners Norden AB 2011-2013. President and CEO of Seco
Tools AB 2004-2010. Various positions within ABB 1985-2004.
In connection with the publication of the notice on March 7, the Nomination
Committee’s full proposal and reasoned opinion will be announced. The Board
members will then be presented more in detail.
For additional information, please contact
Petra Hedengran, Chairman of the Nomination Committee, +46 735 24 20 97
Husqvarna Group is the world’s largest producer of outdoor power products
including robotic lawn mowers, garden tractors, chainsaws and trimmers. The
Group is also the European leader in consumer watering products and one of the
world leaders in cutting equipment and diamond tools for the construction and
stone industries. The Group’s products and solutions are sold via dealers and
retailers to both consumers and professional users in more than 100 countries.
Net sales in 2013 amounted to SEK 30 billion, and the Group had 14,000 employees
on average in more than 40 countries.
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