#Sweden #Stockholm #Governance #Electrolux #Nomination Committee

AB Electrolux Nomination Committee Established for 2026

In a significant step towards enhancing corporate governance, AB Electrolux has officially appointed its Nomination Committee for the upcoming Annual General Meeting (AGM) scheduled for March 25, 2026, in Stockholm, Sweden. This initiative adheres to the decisions made during the previous AGM, emphasizing the company’s commitment to robust and transparent governance practices.

Composition of the Committee

The newly formed Nomination Committee will comprise five members, each carefully selected to reflect the interests of the company's largest shareholders. Specifically, the committee includes representatives from the four largest shareholders, alongside the Chairman of the AB Electrolux Board. This strategic composition ensures a diversified perspective in the decision-making process.

Christian Cederholm from Investor AB has been designated as the Chairman of the committee. Joining him are Erik Durhan from Lannebo Kapitalförvaltning, Alexandra Frenander from Folksam, and Pia Gisgård from Swedbank Robur Fonder. The committee will also feature Torbjörn Lööf, the current Chairman of AB Electrolux, whose presence further enriches the collective expertise found within the committee.

Objectives and Responsibilities

The primary responsibilities of the Nomination Committee will include the preparation of vital proposals for the AGM. These proposals will cover various critical elements such as:

• - The name of the Chairman for the AGM
• - Nominations for Board members
• - The appointment of the Chairman of the Board
• - Remuneration structures for Board members
• - Selection of the Auditor and associated fees

In alignment with changing business environments, the committee may also suggest modifications to the existing instructions governing its operations. These proposals are essential for the continual adaptation of AB Electrolux’s governance structure to meet shareholder expectations and regulatory requirements.

Encouraging Shareholder Participation

AB Electrolux recognizes the importance of shareholder engagement and encourages any shareholder wishing to submit proposals to the Nomination Committee for consideration. Interested parties can easily reach out via email at [email protected], reflecting the company’s dedication to open communication and democratic decision-making.

Looking Ahead

The establishment of the Nomination Committee signals AB Electrolux's forward-thinking strategy, aimed at not just maintaining but elevating its corporate governance practices. As the company prepares for its annual gathering in March 2026, stakeholders can look forward to well-structured proposals that reflect both corporate strategy and shareholder interests.

As AB Electrolux continues to shape its governance landscape, the role of the Nomination Committee will be pivotal in fostering a trustworthy and effective corporate environment. This initiative stands as a testament to the company's dedication to its shareholders and its commitment to retain its reputation as a leader in its industry.

For further inquiries or information, stakeholders are encouraged to contact Ann-Sofi Jönsson, Head of Investor Relations and Sustainability Reporting, at +46 73 035 1005 or Paul Palmstedt from the Electrolux Group Press Hotline at +46 8 657 65 07.

As the AGM date approaches, all eyes will be on the committee's proposals, which are anticipated to drive meaningful conversations around the future direction of AB Electrolux.