The Nomination Committee of Husqvarna AB (publ) proposes changes to the Board of Directors to be elected at the 2025 AGM

STOCKHOLM, March 24, 2025 /PRNewswire/ -- As previously announced, Tom Johnstone has declined re-election to the Husqvarna Board of Directors. In addition, Bertrand Neuschwander and Lars Pettersson have informed the Nomination Committee that they will decline re-election to the Board. In light of these changes, and following a recruitment process, the Nomination Committee is pleased to announce that it will propose that the following three persons be elected as new Board members by the 2025 AGM (to be held in Jnkping on April 29, 2025):

Claes Boustedt: Claes Boustedt is the Executive Vice President of L E Lundbergfretagen AB and the President of L E Lundberg Kapitalfrvaltning AB. He holds an M.Sc. in Business and Economics from the Stockholm School of Economics. He is a board member of Sandvik AB, Hufvudstaden AB and Alleima AB.

Marlies Gebetsberger:Marlies Gebetsberger is the Senior Vice President and Head of Personal Health for Royal Philips in Western Europe. With over a decade of experience at Royal Philips, Marlies has held various roles within the company. Before joining Philips, Marlies held several global and local positions at Unilever. She holds a master's degree in international business administration from the University of Economics in Vienna, Austria. She does not currently hold any other non-executive roles.

Magnus Jarlegren:Magnus Jarlegren is the President of Autoliv Europe, and has previously held other senior positions with Autoliv, Sandvik Coromant and McKinsey & Company. He studied Mechanical Engineering at the Chalmers University of Technology. He does not currently hold any other non-executive roles.

The Nomination Committee intends to propose the re-election of all other existing Board members at the 2025 AGM, namely: Ingrid Bonde, Pavel Hajman, Torbjrn Lf, Katarina Martinson, Daniel Nodhll and Christine Robins. As a result of the foregoing, the total size of the Board will remain unchanged (i.e., a total of 9 elected members). As previously announced, the Nomination Committee intends to propose that Torbjrn Lf be elected as Chair of the Board. The Nomination Committee will announce its complete proposals in connection with the formal notice of the Annual General Meeting to be published on or about March 25, 2025.

The Nomination Committee consists of Petra Hedengran, chair (Investor AB), Louise Lindh (L E Lundbergfretagen AB), Fredrik Ahlin (If Skadefrskring AB), Oskar Brjesson (Livfrskringsbolaget Skandia) and Tom Johnstone (Board Chair of Husqvarna AB).

For additional information, please contact:
Media
Henrik Sjstrm, Head of External Communication
+46 727 15 77 85
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Investors
Johan Andersson, Vice President Investor Relations
+46 702 100 451
[emailprotected]

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SOURCE Husqvarna Group