Boliden Board Expands with New Appointment of Victoire de Margerie

Boliden AB, a leading global mining and metals company, is set to make significant changes to its board of directors. The company’s Nomination Committee has put forward the proposal to elect Victoire de Margerie as a new board member during the Annual General Meeting (AGM) scheduled for April 23, 2025. Additionally, the committee recommends the re-election of all current board members.

Who is Victoire de Margerie?

Victoire de Margerie born in 1963, brings extensive expertise from the metals and polymers industry, particularly in areas related to strategy, research, operations, and business development. Her impressive portfolio includes serving as Executive Chairman of Rondol Industrie and holding leading positions at various notable organizations such as Verkor and Ivanhoe Electric.

In the past, de Margerie has contributed her skills on the boards of prominent companies including Eurazeo, Arkema, Babcock International, Norsk Hydro, and Outokumpu. Her rich background also includes significant executive roles at Pechiney, CarnaudMetalBox, and Elf Atochem. Moreover, she is a co-founder and Co-Chair of the World Materials Forum, a platform that emphasizes innovative solutions in materials science and technology.

De Margerie’s academic accomplishments further bolster her qualifications for this role; she holds a PhD in Management Science from the Université de Paris 2 Panthéon-Assas, a Master's from HEC Paris, and has completed additional studies at Sciences Po Paris and Stanford Graduate School of Business. Her deep understanding of management and industry dynamics makes her an invaluable asset to Boliden’s board.

Board Re-election and Leadership

The Nomination Committee also proposes the re-election of existing board members including Karl-Henrik Sundström (who is suggested to continue as Chairman), Helene Biström, Tomas Eliasson, Per Lindberg, Perttu Louhiluoto, Elisabeth Nilsson, Pia Rudengren, and Derek White. This re-election aims to maintain a consistent leadership approach as the company navigates changes in the mining and metals markets.

The committee, led by Lennart Francke of Swedbank Robur Fonder, includes representatives from Handelsbanken Fonder and SEB fonder, ensuring diverse insights into the board’s composition and future direction. This composition reflects Boliden’s commitment to a robust governance structure, aligning with best practices in corporate governance across the industry.

Looking Ahead to the AGM

As the AGM approaches, the Nomination Committee's proposals will be officially presented, providing further context and detailed motivations behind these recommendations. The strategic inclusion of Victoire de Margerie alongside the retention of seasoned board members positions Boliden to adapt effectively to industry challenges and opportunities.

The AGM in April representing a key moment in the company’s governance process, highlights Boliden's focus on strengthening its leadership in the competitive mining and metals landscape. By embracing both new perspectives and seasoned insights, the company seeks to enhance its strategic initiatives and operational success.

In conclusion, Boliden's proactive move to expand its board with the appointment of Victoire de Margerie underscores the company’s dedication to leadership excellence and innovative governance. Stakeholders and investors alike will be keenly observing how these developments continue to influence Boliden’s trajectory in the coming years.