Regulatory News:
In preparation for the Electrolux (STO:ELUXA) (STO:ELUXB) (STO:ELUXBE) (LSE:ELXB) Annual General Meeting on April 1, the Electrolux Nomination Committee is proposing the election of Hasse Johansson as new Board member. The Committee is proposing re-election of Marcus Wallenberg, Peggy Bruzelius, Torben Ballegaard S0rensen, John Lupo, Barbara Milian Thoralfsson, Johan Molin, Hans Straberg and Caroline Sundewall. Louis R. Hughes has declined re-election to the Board.
Hasse Johansson has been Group Vice President Research and Development of Scania since 2001. Scania is a leading manufacturer of heavy trucks, buses and industrial- and marine engines based in Sodertalje, Sweden. Mr. Johansson has previously held several senior positions with Delphi Delco Electronics Systems Europe. Mr. Johansson is a Board member of Mecel, a manufacturer and developer of electronic systems and software for the automotive industry. Mr. Johansson, born in 1949, is a Swedish citizen and holds a Master of Science in Electrical Engineering from Chalmers University of Technology.
The Electrolux Nomination Committee comprises Petra Hedengran (Chairman), Investor AB; Ramsay J. Brufer, Alecta Pension Insurance; Marianne Nilsson, Swedbank Robur Funds and Rune Andersson, Mellby Gard AB. The committee also includes Marcus Wallenberg and Peggy Bruzelius, Chairman and Deputy Chairman, respectively, of Electrolux.
Electrolux is a global leader in home appliances and appliances for professional use, selling more than 40 million products to customers in 150 countries every year. The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines, vacuum cleaners and cookers sold under esteemed brands such as Electrolux, AEG-Electrolux, Eureka and Frigidaire. In 2007, Electrolux had sales of SEK 105 billion and 57,000 employees. For more information, visit http://www.electrolux.com/press.
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