The Election Committee of Beijer Electronics AB has informed the company that it will be proposing re-election of Board members Stig-Arne Blom, Bert Åke Eriksson, Ulrika Hagdahl, Anders Ilstam, Joen Magnusson and Fredrik Jönsson, CEO of the company, to the Annual General Meeting (AGM) on April 26, 2010.
Hans Linnarson has declined re-election and as new board member the Election Committee will be proposing Maria Khorsand, CEO of SP Sveriges Tekniska Forskningsinstitut. Maria Khorsand has 17 years of experience from Ericsson, recently as CEO of Ericsson Technology Licensing. In addition, she has worked within OMX Technology and as CEO of Dell AB.
Additionally, the Election Committee is proposing that present Chairman Anders Ilstam retains his position. Shareholders representing over 50 % of the share capital and voting rights of the company have declared that they will support this proposal.
Proposed Directors' fees etc. will be stated in the notice convening the AGM.
This year's Election Committee members:
Ulf Hedlundh, Svolder AB
Mauritz Sahlin, Stena Sessan AB, Convener
Per Trygg, SEB
Anders Ilstam, Chairman of the Board
Arne Lööw, Fourth Swedish National Pension Fund
The AGM of Beijer Electronics AB will be held at 4 p.m. on Monday, April 26, 2010 at the Malmö Stock Exchange building, Skeppsbron 2, Malmö, Sweden.
Beijer Electronics is a fast growing technology company with extensive experience of industrial automation and robust data communication, developing and marketing competitive products and solutions with focus on the user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group with subsidiaries in 14 countries some 500 employees and sales of 1.1 bn SEK 2009. The company is listed on the Nasdaq OMX Nordic Exchange Stockholm's Small Cap list under the ticker BELE. www.beijerelectronics.se (http://www.beijerelectronics.se/)
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Questions on the Election Committee's activities should be addressed to Mauritz Sahlin on tel. +46 70 537 11 01, questions on Beijer Electronics should be addressed to its CEO and President Fredrik Jönsson on tel. +46 (0)40 35 86 00 or cell phone +46 70 517 16 26.