SKF Nomination Committee Proposes Key Board Member for 2025 Elections

SKF Nomination Committee's Proposal for the Board of Directors

On January 22, 2025, SKF's Nomination Committee announced a significant proposal ahead of the upcoming Annual General Meeting (AGM). They have nominated Mats Rahmström, who brings a wealth of experience, to join the Board of Directors of AB SKF.

Mats Rahmström previously held the position of President and CEO at Atlas Copco Group until April 2024 and has been affiliated with various senior roles within the company. His background in international industry is comprehensive, having served as Chair of the Board of Directors for Piab Group AB and also holding board memberships at Investor AB, ABB Ltd, Wärtsilä Oyj, R12 Distribution AB, and Qvantum AB.

In addition to Rahmström's nomination, the committee has recommended the re-election of several existing board members: Hans Stråberg, Hock Goh, Geert Follens, Håkan Buskhe, Susanna Schneeberger, Rickard Gustafson, Beth Ferreira, Therese Friberg, Richard Nilsson, and Niko Pakalén. Notably, Hans Stråberg is proposed to continue as the Chair of the Board.

The Nomination Committee emphasizes that these proposals are part of a strategic push to strengthen the governance and leadership of AB SKF as it navigates the complexities of the global market.

Further details regarding the Nomination Committee's recommendations are set to be revealed in conjunction with the official notice for the AGM planned for 2025. This meeting serves as a platform for stakeholders to engage in discussions regarding the direction of the company.

The current Nomination Committee comprises notable figures, including Marcus Wallenberg (FAM), Philip Ahlgren from Cevian Capital, Anders Algotsson from AFA Försäkring, and Anders Jonsson from Skandia, alongside the chairperson of the board, Hans Stråberg. Their collective expertise and insights are anticipated to play a crucial role in shaping the future of AB SKF through effective governance.

As SKF prepares for the AGM, it continues to focus on enhancing its operational excellence and commitment to its stakeholders, which include shareholders, employees, and customers. The election outcomes will not only affect the company's immediate strategic decisions but also set the tone for its long-term vision and priorities in the evolving industrial landscape.

For additional information, please reach out to the media relations team, led by Carl Bjernstam, or the investor relations team headed by Sophie Arnius, as listed in the press release.

In conclusion, Mats Rahmström's nomination reflects SKF's dedication to fostering leadership that embodies experience and innovation, ensuring the company remains competitive and sustainable in a fast-changing economic environment.