Mats Rahmström Proposed as New Board Member for AB SKF in 2025
SKF Nomination Committee Proposal
On January 22, 2025, the Nomination Committee of SKF, a leading global supplier of bearings and units, proposed the election of Mats Rahmström as a new board member at the Annual General Meeting set for later this year. Rahmström’s extensive experience, particularly as the former President and CEO of Atlas Copco Group, positions him as a valuable addition to the board.
Background on Mats Rahmström
Mats Rahmström has had a distinguished career with Atlas Copco, where he held various senior roles before stepping down in April 2024. His extensive international industrial experience has made him well-versed in operational and strategic aspects of running large multinational corporations. In addition to his position at SKF, he currently serves as the Chair of the Board of Directors for Piab Group AB and holds board memberships in multiple firms including Investor AB, ABB Ltd, Wärtsilä Oyj, R12 Distribution AB, and Qvantum AB.
Other Board Member Proposals
Alongside the nomination of Mats Rahmström, the Committee has also suggested that current board members Hans Stråberg, Hock Goh, Geert Follens, Håkan Buskhe, Susanna Schneeberger, Rickard Gustafson, Beth Ferreira, Therese Friberg, Richard Nilsson, and Niko Pakalén be re-elected. Notably, Hans Stråberg is recommended to continue as the Chair of the Board of Directors.
The decisions made during this meeting will reflect SKF's commitment to maintaining a skilled and experienced board. This diverse group encompasses individuals with strong backgrounds in various industries and international exposure to guide the company's future direction.
Upcoming Additional Announcements
Specific details regarding additional proposals from the Nomination Committee will be disclosed in conjunction with the notice for the Annual General Meeting in 2025. Stakeholders and investors are encouraged to stay updated on these developments.
The Committee for the upcoming Annual General Meeting consists of various influential figures, including representatives from FAM, Cevian Capital, AFA Försäkring, Skandia, alongside Chairman Stråberg. Their combined expertise is crucial in evaluating and nominating candidates who will steer SKF towards its strategic objectives.
Conclusion
As SKF approaches its Annual General Meeting in 2025, the proposed addition of Mats Rahmström to the board signals a positive step towards reinforcing the company’s leadership with experienced individuals. The re-election of existing members also shows the board’s stability and continuity, which is essential for the company as it navigates the complex landscape of the global industrial market.
For any inquiries or further information, please contact:
- - Press: Carl Bjernstam, Head of Media Relations, tel: 46 31-337 2517; mobile 46 722-201 893; e-mail: carl.bjernstam@skf.com
- - Investor Relations: Sophie Arnius, Head of Investor Relations, tel: 46 31-337 8072; mobile 46 705-908 072; e-mail: sophie.arnius@skf.com
Topics Business Technology）
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