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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Husqvarna AB    HUSQ B   SE0001662230

HUSQVARNA AB

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Sandvik AB - Nomination Committee's proposal for Board of Directors for the 2020 Annual General Meeting - Sandvik Group

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01/30/2020 | 05:06am EDT

The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Karlström, Johan Molin and Helena Stjernholm, and the election of Kai Wärn and Stefan Widing as new Board members. Johan Molin is proposed to be re-elected Chairman of the Board.

Kai Wärn is currently President and CEO of Husqvarna AB and member of the Board of Husqvarna AB and AB Electrolux. He is also Chairman of the Board of Electrolux Professional AB. He holds a M.Sc. in Mechanical Engineering from the Royal Institute of Technology, Stockholm, Sweden.

Stefan Widing assumes the position of President and CEO of Sandvik on 1 February 2020, after several leading positions within Assa Abloy.

It is noted that Björn Rosengren will leave Sandvik's Board of Directors in connection with leaving his position as President on 31 January 2020. Lars Westerberg has declined re-election.

The Nomination Committee's other proposals will be made public in the notice convening the Annual General Meeting of Sandvik AB. The Meeting will be held on 28 April 2020 at Göransson Arena in Sandviken, Sweden.

The Nomination Committee consists of its Chairman Fredrik Lundberg (AB Industrivärden), Hans Sterte (Alecta), Marianne Nilsson (Swedbank Robur Funds), Anders Oscarsson (AMF and AMF Funds) and Johan Molin (Sandvik's Chairman of the Board).

Further information can be obtained from the Nomination Committee's Chairman, tel. +46 8 463 06 15.

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ELECTROLUX AB 1.30% 143.9 Delayed Quote.-37.41%
HUSQVARNA AB 2.74% 65.34 Delayed Quote.-12.90%
SANDVIK AB -3.33% 142.25 Delayed Quote.-22.12%
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Financials (SEK)
Sales 2020 36 323 M
EBIT 2020 2 593 M
Net income 2020 1 604 M
Debt 2020 8 988 M
Yield 2020 2,69%
P/E ratio 2020 23,3x
P/E ratio 2021 14,7x
EV / Sales2020 1,28x
EV / Sales2021 1,14x
Capitalization 37 439 M
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 67,23 SEK
Last Close Price 65,34 SEK
Spread / Highest target 14,8%
Spread / Average Target 2,89%
Spread / Lowest Target -8,17%
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Henric Andersson President & Chief Executive Officer
Tom Johnstone Chairman
Glen Anthony Instone Chief Financial Officer & SVP-Finance
Anders Johanson CTO & Senior VP-Innovation & Technology
Hillevi Agranius Group Chief Information Officer
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