STOCKHOLM, Sweden, March 18, 2002 (PRIMEZONE) -- Skandia's Nominating Committee recommends that the Annual General Meeting on April 17, 2002 elect Melker Schorling as a new member of Skandia's board and that Lars Ramqvist, Eero Heliovaara and Willem Mesdag be re-elected as directors for a two-year period.
Melker Schorling is already a member of Skandia's board, but has served to date as a policyholders' director appointed by the Stockholm Chamber of Commerce and not as a director elected by the Annual General Meeting. The Stockholm Chamber of Commerce has named Maria Lilja as a new policyholders' representative.
If the Annual General Meeting votes in favour of the Nominating Committee's recommendations, the number of directors elected by the Annual General Meeting will increase by one to eight, and Skandia's board will have the following composition: Lars Ramqvist, Boel Flodgren (policyholders' representative), Eero Heliovaara, Oonagh McDonald, Maria Lilja (policyholders' representative), Willem Mesdag, Lars-Eric Petersson, Clas Reuterskiold, Gunter Rexrodt and Melker Schorling. In addition, the Board includes three employee representatives.
The Nominating Committee's members represent shareholders holding approximately 20% of the shares in Skandia.
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