The Election Committee’s proposal for the election of Board Members

February  23, 2016

The Election Committee in Beijer Ref AB has decided to put forward the following proposal to the Annual Meeting of shareholders relating to the number of Board Members and the election of Board Members.

The Election committee proposes that the number of Members of the Board of Directors shall be seven.

The Election Committee proposes the re-election as Board Members of Bernt Ingman, Joen Magnusson, Peter Jessen Jürgensen, Monica Gimre, Frida Norrbom Sams and Bill Striebe. In addition, the Election Committee proposes that Ross B. Shuster is elected as Board Member. Philippe Delpech does not stand for re-election. The Election Committee also proposes the re-election of Bernt Ingman as Chairman of the Board of Directors.

Based on the company’s operation, its phase of development and market conditions in general, the Election Committee has discussed the Board of Directors’ diversity, size and composition relating to sector experience, competence, distribution according to sex, and international experience. To replace Philippe Delpech, who is not standing for re-election, the Election Committee has deemed it desirable to supplement the Board of Directors with an international Member with extensive sector experience of working in both Europe and Asia. Ross B. Shuster has many years’ experience gained from his work at United Technologies/Carriers operation in Asia and he took up a position as President International Operations in Asia, Europe, The Middle East and Canada, for UTC Climate Controls & Security Business in 2015. The Election Committee is of the opinion that Ross B. Shuster’s experience well meets the desired competence profile.

Ross B. Shuster, born 1965, holds an MBA from University of San Francisco and a bachelor’s degree in Mechanical Engineering from University of California. He has a long and extensive experience gained from leading positions within United Technologies Corporation (UTC) and Johnson Controls. Since October 2015, he has been President in International Operations of UTC’s Climate, Controls & Security business unit which includes Carrier air-conditioning operations. Ross B. Shuster has international experience of leadership in global groups with a focus on business development, organisation and sales in Asia, the Middle East, Canada and Europe. Ross B. Shuster is independent in relation to Beijer Ref and its management but dependent in relation to the company’s largest shareholder.

The Annual Meeting of shareholders will be held will be held at 3 pm on 7 April 2016 in Clarion Hotel & Congress Malmö Live, Dag Hammarskjölds torg 2, Malmö. Registration for the Meeting will start at 2 pm.

In connection with the publication of the Notice of the Annual Meeting of shareholders on 9 March, the Election Committee’s full proposal and justified statement will be made public.

Malmö, 23 February 2016
Beijer Ref AB (publ)

For further information, please contact:
Johan Strandberg,
Chairman of the Election Committee
+46 70-554 38 86
johan.strandberg@seb.se

or
Bernt Ingman,
Chairman of the Board of Directors
+ 46 70-751 57 60
bernt.ingman@telia.com


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