Husqvarna AB’s Nomination Committee for the 2011 Annual General Meeting

In accordance with the decision by Husqvarna’s Annual General Meeting on April 27, 2010, the members of the Nomination Committee for the 2011 AGM are to be appointed by the four largest shareholders in terms of voting rights in the company as of August 31, 2010. In addition, the Nomination Committee shall also include the Chairman of the Husqvarna Board.

The Nomination Committee has been appointed by Investor AB, LE Lundbergföretagen AB, Alecta Mutual Pension Insurance and Skandia Liv. Each has appointed one member, as shown below, who will form Husqvarna’s Nomination Committee together with the Chairman of the Husqvarna Board. The Nomination Committee’s members:

  • Petra Hedengran (chairman), Investor AB
  • Claes Boustedt, LE Lundbergföretagen AB
  • Ramsay Brufer, Alecta Mutual Pension Insurance
  • Torbjörn Callvik, Skandia Liv
  • Lars Westerberg, Chairman of Husqvarna AB

The Nomination Committee will prepare proposals for the AGM in 2011, including proposals for the Chairman of the AGM, Board members, Chairman of the Board, fees to Board members, fees to the auditors, and the tasks and composition of the Nomination Committee for the AGM in 2012. The Annual General Meeting of Husqvarna AB (publ) will be held on 4 May 2011, in Jönköping, Sweden.

Composition

The Nomination Committee shall consist of one representative of each of the four largest shareholders in the company with regard to the number of votes held, together with the Chairman of the Board of Directors.

The names of the four representatives and the names of the shareholders they represent shall be announced at the latest six months before the Annual General Meeting 2011 and shall be based on the known number of votes as of August 31, 2010. The term of office for the Nomination Committee shall be for the period until a new Nomination Committee has been appointed. Unless the members of the Nomination Committee agree otherwise, the Chairman of the Nomination Committee shall be the member that represents the largest shareholder with regard to the number of votes held. In accordance with the decision by the Annual General Meeting in April 2010, Husqvarna shall have a Nomination Committee consisting of representatives of each of the four largest shareholders in terms of voting rights, and the Chairman of the Husqvarna Board.

The members of the Nomination Committee for the AGM in 2011 are

Petra Hedengran, Investor AB (chairman),
Claes Boustedt, LE Lundbergföretagen,
Ramsay Brufer, Alecta,
Torbjörn Callvik, Skandia Liv
Lars Westerberg, Chairman of Husqvarna.

As of August 31, 2010, Investor's shareholding in Husqvarna corresponded to 29,6% of the voting rights in the company, Lundbergföretagen's to 14.7%, Alecta's to 6.7%, and Skandia Liv´s to 2.5%. The Nomination Committee will prepare proposals for the AGM in 2011, including proposals for election of Board members, fees to Board members, fees to the auditors, and the tasks and composition of the Nomination Committee for the AGM in 2012.

Proposals to Nomination Committee

Shareholders who wish to submit proposals to the Nomination Committee should send an email, by 4 March 2011, to nominationcommittee@husqvarnagroup.com

Tasks

The Nomination Committee's tasks include preparing a proposal to the AGM 2011 regarding the following issues:

  • Chairman of the AGM
  • Board members
  • Chairman of the Board
  • Remuneration for Board members, including the Chairman, as well as remuneration for committee work
  • Auditors' fees
  • Nomination Committee for 2012