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Electrolux AB's board chairman Marcus Wallenberg to step down at AGM

Friday, 21 Feb 2014 02:00am EST 

Electrolux AB:Says Marcus Wallenberg, chairman of the board of directors of Electrolux, has informed the nomination committee that he will not stand for re-election at the company‚Äôs annual general meeting on March 26.Says the reason is to ensure compliance with new EU regulations limiting the number of board assignments.Says Barbara Milian Thoralfsson has also declined re-election to the Board.Says the nomination committee proposes Ronnie Leten as new chairman and Petra Hedengran as new board member. 

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2.0 +0.88%
23 Dec 2014