B&B Tools AB (publ) announced at its EGM was held on June 14, 2017, the shareholders announced that Fredrik Börjesson, Charlotte Hansson and Gunilla Spongh will stepped down from their positions on the Board of Directors of the company. In accordance with the proposal of the Election Committee, EGM resolved that Malin Nordesjö, Johan Sjö and Louise Undén will replace the directors leaving the company for the period until the end of the forthcoming Annual General Meeting. As previously announced, President & CEO of company, Ulf Lilius, stepped down from his position in conjunction with the resolution at the EGM to distribute the shares in Momentum Group.

Accordingly, at the subsequent statutory board meeting, the board of directors decided to appoint current Executive Vice President Pontus Boman as the new President & CEO of company.