Nomination committee’s proposal concerning the Board of Directors of Ratos AB (publ) ahead of 2024 Annual General Meeting

Regulatory Information 2024-02-01

Two new Board members are proposed ahead of the 2024 Annual General Meeting according to a decision from Ratos’s nomination committee.

Ratos’s nomination committee proposes that the 2024 Annual General Meeting elect seven ordinary Board members, with no deputies.

The nomination committee proposes the re-election of Per-Olof Söderberg as a Board member and Chairman of the Board as well as the re-election of Board members Jan Söderberg, Ulla Litzén, Tone Lunde Bakker and Jonas Wiström (CEO of Ratos) and the election of new Board members Cecilia Sjöstedt and Mats Granryd. Karsten Slotte has declined re-election.

Cecilia Sjöstedt holds an MSc in mechanical engineering from the Royal Institute of Technology in Stockholm and has almost 30 years of experience in leading positions in Swedish and international industry. She has mainly worked in the paper, graphical, food and beverage, and life science/medtech industries. Since 2023, she has served as Vice President & Managing Director of Maquet Critical Care at Getinge. Prior to that, she held various roles including Site Leader & Managing Director and GSC Director Resins & Technology at Cytiva (Danaher)/GE Healthcare Uppsala (2018–2023) and Plant & Site Director (Managing Director) at Galderma/Nestlé Skin Health, Uppsala (2016–2018).

Mats Granryd holds an MSc in engineering from the Royal Institute of Technology in Stockholm. Since 2016, he has served as Director General and a member of the Board of the GSMA, an association of more than 700 mobile operators around the world that aims to lead the global development of the mobile industry. Prior to that, he was President and Chief Executive Officer of Tele2 Group, with 31 million customers across 11 countries (2010–2016). He also has extensive experience as a management consultant in telecom and 15 years in a variety of senior roles at Ericsson, including Head of Northern Europe & Central Asia. Mats Granryd also serves on the UN Broadband Commission and was an early proponent of sustainability, leading the mobile industry in becoming the first sector to broadly commit to the UN Sustainable Development Goals (SDGs) in 2016.

"With Cecilia Sjöstedt and Mats Granryd, Ratos will gain two knowledgeable and experienced new Board members with proven track records, both of whom combine long-standing industrial experience in senior positions with extensive contact networks. We are very much looking forward to welcoming them to the Board,” says Jenny Parnesten, Chairman of the nomination committee.

Karsten Slotte, Board member since 2015, has declined re-election ahead of the 2024 Annual General Meeting.

“We would like to extend our sincere thanks to Karsten Slotte for his valuable contributions. He has been highly appreciated during his years on the Board. His vast experience as a business leader, combined with great wisdom, integrity and a broad personal network, has been very important to Ratos. We wish him all the best in the future,” say Ratos’s Chairman Per-Olof Söderberg and Deputy Chairman Jan Söderberg, who also serve as representatives of the majority owners, the Söderberg family.

The nomination committee consists of Chairman Jenny Parnesten (appointed by the Ragnar Söderberg Foundation and own and related parties’ holdings), Jan Söderberg (own holdings), Maria Söderberg (appointed by the Torsten Söderberg Foundation and own holdings), Erik Brändström (appointed by Spiltan Fonder), Katarina Hammar (appointed by Nordea Funds), and Per-Olof Söderberg, Chairman of Ratos’s Board.

The nomination committee’s full proposal will be presented in the official notice of Ratos’s Annual General Meeting.

For further information, please contact:
Jenny Parnesten, Chairman of the nomination committee, +46 70 742 51 77
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

The information was submitted for publication at 8:30 a.m. CET on 1 February 2024.

About Ratos
Ratos is a business group consisting of 17 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 34 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.