Private equity firm EQT has proposed Jean-Pascal Tricoire as a new board member ahead of the Annual General Meeting on May 12. Mr. Tricoire currently serves as Chairman of Schneider Electric, where he previously held the position of CEO.

The appointment remains subject to shareholder approval.

Concurrently, Jean Eric Salata has been nominated to succeed Conni Jonsson as Chairman of the Board, a transition that was first announced last autumn.