#Sweden #Skinnskatteberg #Systemair #Patrik Nolåker #Gerald Engström

Systemair's Leadership Transition: Patrik Nolåker Nominated as Chairman

In a significant move for one of Sweden's leading ventilation companies, Systemair, the Nomination Committee has put forth Patrik Nolåker for election as the Chairman of the Board during the upcoming Annual General Meeting scheduled for August 28, 2025. Nolåker, who has been serving as the Vice Chairman since joining the board in 2016, brings a wealth of experience from his extensive background in industrial enterprises and governance.

Nolåker's extensive tenure on the board showcases his integral role in guiding Systemair through strategic decisions. His deep understanding of both operational and governance aspects of industrial groups positions him as an ideal candidate for the chairmanship. During his time on the board, he has been pivotal in navigating challenges and seizing opportunities, contributing to the company’s resilient growth and innovative strategies.

The Nomination Committee is also proposing Gerald Engström, the current Chairman, to take on the role of Vice Chairman following this transition. This suggested succession aims to ensure a smooth leadership change, pairing Nolåker's fresh perspectives with Engström’s established industry knowledge and guidance.

As of now, the Nomination Committee's deliberations are ongoing, and a detailed statement outlining their motivations will be shared once the nominations are finalized. The news has sparked intrigue among shareholders and industry peers, anticipating how these changes might influence Systemair's future direction.

Systemair, founded in 1974 and headquartered in Skinnskatteberg, Sweden, operates across various global markets including Europe, North America, and Asia. It has established itself as a front-runner in creating energy-efficient ventilation products that not only promote improved indoor air quality but also help in reducing carbon emissions. With a remarkable turnover of SEK 12.3 billion in the 2023/24 financial year and a workforce of approximately 6,600 employees, Systemair continues to thrive in the competitive landscape of the HVAC sector.

Throughout its history, Systemair has reported consistency in operational profitability, showcasing the effectiveness of its strategic operations and market positioning. The company has achieved an impressive growth rate of 9 percent on average over the past decade, demonstrating its resilience and adaptability in an ever-changing market.

As the company gears up for its upcoming Annual General Meeting, the nomination of Patrik Nolåker as Chairman is set to be a pivotal moment in Systemair's ongoing story. Stakeholders will be keenly watching how these leadership dynamics shift and the potential implications for the company’s future growth and sustainability efforts. Shares of Systemair have been listed on the Nasdaq OMX Nordic Exchange since October 2007, further cementing its status as a major player in the HVAC industry.

This transition is not only a change in leadership but also reflects Systemair’s commitment to nurturing its governance structures and preparing for future challenges in the industry. By aligning experienced leaders with promising new ones, Systemair aims to bolster its position and adapt to the demands of today’s market.

For more information on the nomination process or to get involved, interested parties are encouraged to reach out to Magnus Tell, the Chairman of the Nomination Committee, via email. As Systemair seeks to refine its leadership ahead of the AGM, the dialogue surrounding these changes is expected to intensify, highlighting the importance of strategic leadership in driving the company’s mission forward.