Husqvarna AB Board of Directors Changes Ahead of 2025 AGM

Changes in the Husqvarna AB Board of Directors

On March 24, 2025, Husqvarna AB (publ) made headlines with the announcement of upcoming changes in its Board of Directors, slated for election at the Annual General Meeting (AGM) on April 29, 2025, in Jönköping. Previously announced, Tom Johnstone has opted not to seek re-election, along with Bertrand Neuschwander and Lars Pettersson. These alterations come as part of a strategic recruitment initiative to bring fresh perspectives into the board.

The Nomination Committee expressed satisfaction in revealing the names of three candidates tipped for election to the Board:

1. Claes Boustedt

Claes Boustedt serves as the Executive Vice President at L E Lundbergföretagen AB and President of L E Lundberg Kapitalförvaltning AB. He boasts a robust educational background with a Master's in Business and Economics from Stockholm School of Economics. He also holds prominent positions on boards such as Sandvik AB, Hufvudstaden AB, and Alleima AB. Boustedt's extensive experience is anticipated to benefit the governance of Husqvarna AB significantly.

2. Marlies Gebetsberger

Marlies Gebetsberger holds the title of Senior Vice President and Head of Personal Health for Royal Philips in Western Europe. Her more than ten years of experience at Philips encompasses several critical roles within their organizational hierarchy. Before her tenure at Philips, Marlies engaged in various domestic and international positions with Unilever. She is armed with a master's degree in international business administration from the University of Economics in Vienna, Austria, bringing valuable skills to the Husqvarna Board.

3. Magnus Jarlegren

Serving as the President of Autoliv Europe, Magnus Jarlegren has also held significant roles at renowned companies such as Sandvik Coromant and McKinsey & Company. He studied Mechanical Engineering at Chalmers University of Technology, providing him with a solid technical background that will augment the board's capabilities.

In addition to these prospective members, the Nomination Committee is recommending the re-election of the existing Board members, which includes Ingrid Bonde, Pavel Hajman, Torbjörn Lööf, Katarina Martinson, Daniel Nodhäll, and Christine Robins. This move is designed to maintain the total count of board members at nine. Furthermore, Torbjörn Lööf is proposed to continue as Chair of the Board, ensuring a continuity of leadership.

The Nomination Committee is chaired by Petra Hedengran and includes key figures such as Louise Lindh from L E Lundbergföretagen AB and Fredrik Ahlin of If Skadeförsäkring AB. Interested stakeholders can expect the comprehensive proposals to be disclosed formally in connection with the AGM notice, which is anticipated to be published around March 25, 2025.

This significant restructuring within Husqvarna AB's Board of Directors underscores the company's commitment to enhancing its governance framework and strategy as it navigates through evolving market landscapes. With the proposed candidates bringing a wealth of experience and expertise, the company aims to reinforce its positions across various sectors and adopt innovative approaches to its operations. As such, the developments at Husqvarna are worth keen attention for investors and industry observers alike.