Hans Petersson has declined re-election as Chairperson of Netel Group AB?s (Netel) Board of Directors. He will remain as Chairperson of the Board until the next Annual General Meeting in May 2024. The Nomination Committee of Netel proposes that Alireza Etemad be appointed Chairperson at the Annual General Meeting in May 2024.

Alireza Etemad has been a member of the Netel Board of Directors since 2016. The Nomination Committee of Netel comprises representatives of four of the company?s largest shareholders and the Chairperson of the Board, Hans Petersson. The members representing the shareholders are Alireza Etemad (IK Partners), Celia Grip (Swedbank Robur Fonder), Andreas Berdal Lorentzen (Delphi Fondsforvaltning) and Peter Magnusson (Cicero Fonder).

The Nomination Committee?s complete proposals will be announced in due time before the Annual General Meeting 2024.